DAILY BRIEFING

View in browser

July 26, 2021

Prepared for Voornaam

Rethink employee learning, or accounting will face the Great Resignation

By Michael Ramos       8 min read

In the new reality, a firm must accelerate the development of its staff. View story →

On the move: BKD launches ransomware service

By Daniel Hood      

A new IT offering from the Missouri-based Top 100 Firm; a new chairman at the Georgia Society of CPAs; and other firm and personnel news from across the profession. View story →

RELATED

On the move: Armanino enters NYC →

The Top 25 Firm establishes its presence on the East Coast; a cannabis conference for Mid-Atlantic CPAs; and more firm and personnel news from across the accounting profession.

Bill.com to acquire Invoice2go in $625M deal

The buy will extend Bill.com's global reach.  View story →

Hedge accounting update aims to align risk management with hedging

By Michael Cohn       9 min read

FASB's proposed update could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit. View story →

IRIS acquires Doc.It, plans U.S. expansion

By Ranica Arrowsmith       2 min read

The buy comes at a time when CPA firms across North America are looking to expand and deploy new services. View story →

SPONSOR CONTENT

Supercharge Your Accounting Career, Today! Apply Now.

The FAU Executive Accounting Master’s Program is tailored to meet the needs of busy professionals. Find Out More! →

Anduin earmarks $14M seed round for intelligent practice management

By Ranica Arrowsmith       2 min read

The company is also developing a new analytics solution.  View story →

Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis.

Twitter

Facebook

LinkedIn

Audit committees benefit from accounting experts

By Michael Cohn       3 min read

Having accountants involved seems to lower costs and result in fewer restatements. View story →

KPMG’s banking audits aren’t good enough, U.K. watchdog says

By Stephanie Bodoni, Todd Gillespie and Michael Kapoor       2 min read

The U.K.’s industry regulator said it was “unacceptable” that for the third year running the accounting firm’s work wasn’t up to scratch. View story →

Tax Fraud Blotter: Rocky roads

By Jeff Stimpson       6 min read

For rent; lien on me; really creative; and other highlights of recent tax cases. View story →

AICPA presents 2020 'Medal of Inspiration'

By Sean McCabe       2 min read

The American Institute of CPAs announced that Fadi Shamoun, an undergrad at the Swinburn University of Technology, received Beta Alpha Psi’s annual award. View story →

Now what? Bridge the gap in financial planning and analysis

By Kimberly Ellison-Taylor       4 min read

During the COVID-19 crisis, many FP&A teams were challenged to update and develop financial models that accurately reflected the massive shifts in strategy, revenue and operations. Read story →

IIA offers IT General Controls certification

By Michael Cohn       1 min read

The Institute of Internal Auditors unveiled an IT General Controls Certificate Program on Thursday to train auditors on how to weigh technology risks, controls, programs, compliance, and policies. Read story →

Xero conducts 'Emotional Tax Return' competition in Australia

By Ranica Arrowsmith       3 min read

The contest aims to reward Aussie small businesses for the emotional costs incurred during this difficult tax season.  Read story →

IRS warns of child tax credit scams

By Michael Cohn       5 min read

The Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related to the expanded Child Tax Credit in which fraudsters are trying to steal money and personal information. Read story →

Millions took early distributions from retirement accounts due to COVID

By Michael Cohn       3 min read

A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties. Read story →

RESOURCES

WEB SEMINAR

Helping nonprofits navigate the future

Tuesday, July 27, 2021 2:00 PM EDT

Few clients need their accountants’ help more than nonprofit organizations, which face a host of constraints and new expectations even in the best of times – but with the COVID-19 pandemic having seriously impacted their ability to both fulfill their core missions and raise much-needed funds, nonprofits need help more than ever. Learn More →

SPONSORED BY SAGE INTACCT

REPORT

Tips to build a culture of compliance

Compliance rules and restrictions might keep changing, but the tools and technology keep improving as well. As you review your status-quo or consider new options, here are some tips you can follow to make sure you stay within policy, ahead of regulations and build a culture of compliance for your business. Learn More →

SPONSOR CONTENT FROM SAP CONCUR

EBOOK

Get back to going forward

As a finance leader, you’re tasked with building a financial foundation that supports continued business momentum. No matter how your business is doing, you always want to make sure you’re doing your best. Download Now →

SPONSOR CONTENT FROM SAP CONCUR

More resources →