IFRS Foundation sets up working group to converge sustainability standards

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The move is aimed at helping pave the way for a potential international standard-setter for ESG accounting.

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IFRS Foundation sets up working group to converge sustainability standards


Art of Accounting: Which tax returns should you review first?

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Which has more priority — reviewing a return that would take two hours to complete, or reviewing 12 returns that would take 10 minutes each?

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Art of Accounting: Which tax returns should you review first?


State societies, firms speak out against Asian-American violence

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Prominent accounting organizations released statements condemning violence against Asian-Americans following Atlanta shootings.

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State societies, firms speak out against Asian-American violence


Biden determined to tax rich after windfalls during crisis

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President Joe Biden’s economic team at the White House is determined to make good on his campaign pledge to raise taxes on the rich, emboldened by mounting data showing how well America’s wealthy did financially during the pandemic.

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Biden determined to tax rich after windfalls during crisis


First steps in the move to advisory

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Growth consultant Gale Crosley shares crucial guidance for firms looking to focus on consulting and advisory services.

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First steps in the move to advisory


Accounting Today seeking 2021 ‘Best Firms for Technology’

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This is the third year the publication will recognize firms in this category.

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Accounting Today seeking 2021 ‘Best Firms for Technology’


Companies have trouble detecting fraud during COVID

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The COVID-19 pandemic could give remote employees around-the-clock access to company funds with little supervision and lead to embezzlement.

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Companies have trouble detecting fraud during COVID


IRS audits of millionaires plunged 72%

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Fewer than two out of every 100 taxpayers reporting over $1 million in income were audited by the Internal Revenue Service in fiscal year 2020, according to a new report.

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IRS audits of millionaires plunged 72%


Which is more difficult: The CPA Exam or the Bar?

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Having taken both, Christine Kuglin breaks down the differences between the hurdles to the two professions.

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Which is more difficult: The CPA Exam or the Bar?


Firms giving back: Grant Thornton honors 7th Purple Paladin recipient

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Brown Schultz Sheridan & Fritz announces two annual initiatives for minority students; and Test Prep Insight opens its $1,000 student scholarship.

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Firms giving back: Grant Thornton honors 7th Purple Paladin recipient