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Latest News & Web Pages
Series of court decisions weaken Democrats' odds of winning the House
5+ hour, 41+ min ago (268+ words) Two court rulings in the past two weeks have hit the chances that Democrats flip control of the House in November, according to traders on prediction markets platform Kalshi." Odds that the party wins control of the lower chamber have…...
AICPA asks IRS for guidance on excise tax at nonprofits
1+ hour, 13+ min ago (226+ words) The American Institute of CPAs is asking the Internal Revenue Service and the Treasury Department for more information on a provision of the One Big Beautiful Bill Act imposing an excise tax on tax-exempt organizations whose top executives are paid…...
Internal auditors confront fraud risks
1+ hour, 13+ min ago (278+ words) The report, released Monday by the Center for Audit Quality, the Institute of Internal Auditors and the Anti-Fraud Collaboration (which includes the CAQ, the IIA, as well as Financial Executives International, the Association of Certified Fraud Examiners and the National…...
Grant Thornton launches unified AI-enabled audit platform 'gtap"
4+ hour, 30+ min ago (348+ words) Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits by moving beyond traditional, labor-intensive procedures." Gtap replaces all the disparate audit tools used previously into one intelligent and…...
NYC tax plan that angered rich is proving difficult to design
5+ hour, 10+ min ago (1237+ words) New York officials are trying to give shape to the pied--terre tax proposed by Governor Kathy Hochul, with significant questions about how the levy would work still unresolved amid broader Democratic discord over the state budget. Last month, Hochul…...
New York's Hochul to back Trump's tax credit for school choice
5+ hour, 10+ min ago (519+ words) New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program, according to a statement Friday." "Governor Hochul is supportive of the federal tax credit scholarship and its potential to help New York…...
AI cannot audit itself, and the profession knows why
5+ hour, 10+ min ago (608+ words) The Great Depression left behind a layered system of protections to keep the problems leading up to it from ever happening again. One was the modern standardized audit opinion, developed after the 1929 crash in response to the catastrophic failure of…...
How CFOs can defuse the time bomb of PTO liabilities
3+ day, 2+ hour ago (291+ words) There's a ticking time bomb on many companies' balance sheets, and it's getting larger by the day: paid time off liabilities." PTO accounts for a quarter of the overall cost of benefits, which is over $1 trillion " around $7, 600 per full-time employee....
Intuit launches Quick Books Workforce for HCM, payroll
3+ day, 3+ hour ago (339+ words) Intuit has expanded further into payroll, time tracking, benefits, onboarding and other human capital needs through the release of its new solution Quick Books Workforce." The new platform, which is built on the technology of the Go Co HR platform…...
Trump's latest 10% tariffs found unlawful by US trade court
3+ day, 5+ hour ago (1164+ words) President Donald Trump's 10% global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration's economic agenda, just months after the U. S. Supreme Court vacated earlier levies he'd imposed. A divided three-judge panel at the U. S. Court…...