Over the years, Florida’s sales factor sourcing methodology for sales of other than tangible personal property has been the subject of various interpretations by both taxpayers and the Florida ...

When several corporations are consolidated into one large group, the parent company deals directly with the IRS, paying the tax liabilities for the group and receiving any refunds. Tax allocation ...

Auditors bear many responsibilities to their clients, but they also have a duty to uphold the public trust. The negative actions of clients can sometimes rebound on auditors, damaging that reputation; ...

A number of communication responsibilities and reporting considerations necessarily arise whenever a successor auditor concludes that a client’s prior year’s financial statements require restatement, ...

Risk managers are continuously reminded by regulatory bodies and framework developers of the importance of maintaining an ...

Over the last several years, private equity (PE)-backed companies have become increasingly active within the accounting field. Many CPA firm partners and leaders have received… ...

Financial statement fraud is often thought of as an “inside job,” something perpetrated by the management or employees of the organization being audited. Occasionally, however, fraud is perpetrated by ...

The federal research and development tax credit can be a boon to businesses, but as with any portion of the tax code, the rules surrounding it are complex. The IRS recently released a concept unit and ...

Consider the following scenario: an individual has entered into a limited partnership that he knows is going bad, and he believes his investment will not be recovered. With careful planning, ...

GASB recently updated its guidance on the reporting of assets held by governments in a fiduciary capacity. While the clarification on how to differentiate fiduciary and nonfiduciary component units ...

This month’s column highlights the principal effects of FASB’s Accounting Standards Update (ASU) 2015-11, Simplifying the Measurement of Inventory. While the standard’s primary impact has been felt by ...

Should CPA students no longer have to learn the basics of government accounting? According to a new AICPA exposure draft, Maintaining the Relevance of the Uniform CPA Examination, “Given the ...