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Erica Y. Williams Gets Another Five Years to Write Scathing Op-Eds About Sloppy Audit Firms

Going Concern

Williams has been appointed for a second term that begins on October 25, 2024 and ends on that same day in 2029. Williams Gets Another Five Years to Write Scathing Op-Eds About Sloppy Audit Firms appeared first on Going Concern. The SEC announced today that current PCAOB Chair Erica Y. So this will be her first full five-year term.

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Financial Accounting Foundation Appoints Hillary H. Salo Vice Chair of the Financial Accounting Standards Board

CPA Practice

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (FASB) begins July 1, 2024, will serve as the board’s vice chair upon the start of her term. In this capacity, she will succeed current FASB vice chair James L.

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Monday Morning Accounting News Brief: Details on Grant Thornton’s PE Deal; What Is ‘Presented Fairly’ Anyway? | 5.13.24

Going Concern

AT&T is coming for your recruits : AT&T Woos Accounting Students, Bypasses Big Four Training Ground AT&T Inc.’s ’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead.

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Erica Williams Gets Second Term as PCAOB Chair

CPA Practice

The Securities and Exchange Commission (SEC) has reappointed Erica Williams to a second term as chair of the Public Company Accounting Oversight Board (PCAOB), a move that signals stability at the audit regulator following the dismissal of its previous chairperson by SEC Chair Gary Gensler three years ago. 25 and concludes on Oct.

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How the CPA, CMA and EA Credentials Have Become Global Designations

CPA Practice

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

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More Rich Americans Will Soon Be Hit With an IRS Audit, Werfel Pledges

CPA Practice

The IRS said it’s gearing up to increase audit rates by more than 50% on wealthy taxpayers with more than $10 million in total positive income and nearly triple audit rates on corporations with assets over $250 million by 2026, Commissioner Danny Werfel said on Thursday, as the agency released an update to its strategic operating plan.

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Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act

CPA Practice

Treasury continued, “To account for the potential revenue impact of the full array of investments contemplated in the IRA SOP, we need to look at the effects on revenue collection in a more comprehensive way. It also ignored the deterrence effect of compliance activities on taxpayers’ behavior.”

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