People on the move: Baker Newman Noyes hires advisory senior manager

Moore North America appoints its first member services coordinator; Sikich hires a director and senior manager; and more personnel news.

People on the move: Baker Newman Noyes hires advisory senior manager


IRS ups fees for Offer in Compromise applications

The service issued final regs to increase the OIC application fee to $205, while offering another way to waive the fee for low-income taxpayers based on their AGI.

IRS ups fees for Offer in Compromise applications


Grant Thornton names third Purple Paladin honoree

The Chicago-based firm will help Phoenix nonprofit Pal Experiences become more sustainable through funding and support.

Grant Thornton names third Purple Paladin honoree


Tax Fraud Blotter: An EFIN mess

No kidding; Time’s up; jailbird; and other highlights of recent tax cases.

Tax Fraud Blotter: An EFIN mess


After the CECL transition: Now comes the hard part

The Financial Accounting Standards Board issued the Current Expected Credit Loss (CECL) accounting standard in 2016. Since then, many questions have been raised about what it requires, particularly by financial services companies.

After the CECL transition: Now comes the hard part


Tax relief for Tennessee tornado victims

The IRS is pushing deadlines and payment deadlines back to July 15 for some taxpayers.

Tax relief for Tennessee tornado victims


SEC rolls back audit requirements for smaller companies’ internal controls

The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.

SEC rolls back audit requirements for smaller companies’ internal controls


Grant Thornton partners with Llamasoft to offer AI-based supply chain optimization

The Chicago-based firm will combine its consulting experiences with Llamasoft’s optimization technology to help its clients meet their supply chain objectives.

Grant Thornton partners with Llamasoft to offer AI-based supply chain optimization


FASB offers guidance on LIBOR transition

The board’s ASU offers temporary optional guidance to help with the accounting for reference rate reform.

FASB offers guidance on LIBOR transition


AICPA introduces SOC for Supply Chain reporting framework

The American Institute of CPAs has debuted SOC for Supply Chain, a risk management reporting framework that CPAs can use to provide assurance services as they face risks in their supply chain ranging from coronavirus to trade to other threats.

AICPA introduces SOC for Supply Chain reporting framework