Resources
Accounting Today
- by Mark A. LuscombeThe Internal Revenue Service is closely examining the tax strategies used by some exchange-traded funds, according to a recent notice and revenue ruling.
- by Kent AmaranteAllocated costs can distort replacement or reproduction cost new estimates, depreciation analyses and valuation conclusions.
- by Chris GaetanoA comfortable majority of accountants agree that artificial intelligence represents the foremost ethical challenge to the profession today.
- by Matt MonopoliCFOs must actively negotiate the conditions for success by which the ERP program will be measured, focusing on three areas.
- by Chris CioffiSenate Democrats demanded answers on whether Meta used a dubious tax strategy to reap billions in federal breaks to fund data center construction.
- by Jess VentoLease accounting under ASC 842 has become one of the clearest tests of how ready a firm is for the next era of audit.
- by Chris GaetanoAbout a third of small CPA firms have implemented a measure that prevents fraudsters from sending fake emails in their name but the majority remain vulnerable to impersonation.
- by Michael CohnThe IRS and its Criminal Investigation division partnered with U.S. Attorneys' Offices around the country and uncovered more than $490 million in tax fraud.
- by Chris GaetanoThe practice guide explains how audit standards apply to the use of AI for entities using it for financial statements and practitioners using it during the audit.
- by Neycho TepavicharovPlenty of firms' websites describe the services they provide in language that could belong to any practice in the country.
Wall Street Journal
- Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
- The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
- Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.
- Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.
- Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.
- Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.
- Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.
- Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.
- Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.
- The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.