Deloitte, Partner Get Record U.K. Fine for Audit Misconduct

Deloitte LLP and firm partner John Clennett got a record fine in the United Kingdom for misconduct after the U.K.’s accounting regulator said the audit and financial statements of Aero Inventory Plc fell short of acceptable standards.


Election Creates ‘Very Real Possibility’ of Tax Reform

With Donald Trump having aligned his tax plans with those of Congressional Republicans over the course of the campaign, his election puts the GOP in a position to enact significant changes in the nation’s tax system.


President-Elect Trump Faced with Turning Promises into Policy

Donald Trump’s surprise election Tuesday as U.S. president means the repudiation of Barack Obama’s legacy and a strong likelihood Republicans will undo many of his accomplishments, including Obamacare and trade deals, and seek tax cuts for the rich.


BDO Leads in Q3 New SEC Clients

Top 6 Firm BDO USA brought on 15 new Securities and Exchange Commission audit clients in the third quarter, leading the auditor pack, while Hong Kong’s DCAW (CPA) Ltd. netted the most, with nine.


House GOP Members Object to Proposed Estate Tax Rules

Republicans on the tax-writing House Ways and Means Committee sent a a letter Thursday to Treasury Secretary Jacob Lew asking him the Treasury Department to withdraw the Treasury’s recently proposed regulations on estate and gift taxes.


Hedge Your Tax-Planning Bets for the Election

Whether Hillary Clinton or Donald Trump is elected next Tuesday, there are some tax-planning moves that will make sense for your clients no matter who gets into the Oval Office.


Thomson Reuters Debuts Cloud-Based Audit Solution

Thomson Reuters has released Checkpoint Engage, an online audit solution.


AuditFile and Wiley Release Upgraded Advantage Audit Suite

Audit software provider AuditFile and business publishers John Wiley & Sons have jointly released a new version of AuditFile’s cloud-based audit program and automation solution.


Audit Committees Shed More Light on Auditor Oversight

Audit committees are increasing the amount of information they are giving investors on the actions they are taking to oversee their outside auditing firms, according to a new report.