Accounting

0 Comments
Franklin University, in Columbus, Ohio, is partnering with the Ohio Society of CPAs, on online training for CPAs. The university’s International Institute for Innovative Instruction will create online training modules for Ohio CPAs throughout the state. The partnership combines OSCPA continuing education topics with Franklin University’s templates, content and exam questions for online courses. Training
0 Comments
The Securities and Exchange Commission has formed a Climate and ESG Task Force in its enforcement division to identify misconduct in environmental, social and governance reporting. The task force will be spearheaded by Kelly L. Gibson, the SEC’s acting deputy director of enforcement, who will oversee an effort throughout the enforcement division, with 22 members
0 Comments
The Governmental Accounting Standards Board is looking for feedback on a proposal to improve the guidance on compensated absences for state and local government employees, along with disclosure requirements. The proposed standard would supersede the recognition and measurement guidance issued by GASB back in 1992 in Statement No. 16, Accounting for Compensated Absences. The proposal
0 Comments
The corporate finance and accounting area underperforms compared to other job functions when it comes to diversity, equity and inclusion, according to a new study. People of color comprise only 11 percent of the total workforce in corporate finance, and just 6 percent of senior finance roles, according to data from the research firm Gartner.
0 Comments
The Florida Institute of CPAs’ Task Force on Diversity and Inclusion has announced its 2021 goals, outlining initiatives to advance equitable treatment of professionals in its member firms. Formed last September by FICPA chair W.G. Spoor, the Task Force is in the midst of a three-year plan to “develop programs and services that our members
0 Comments
The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program. The guidance in Notice 2021-20 echoes the information the IRS has already provided in its employee retention credit FAQs, but includes some clarifications and discusses the retroactive changes
0 Comments
Internal auditors and others involved in compliance-related diligence work have a broad mandate to provide assurance and risk-based insights to their stakeholders, often in highly complex and heavily regulated environments. At the same time, these practitioners recognize the need to become more efficient and more effective in identifying and responding to risks, particularly as remote
0 Comments
The International Federation of Accountants is partnering with the International Integrated Reporting Council on a joint initiative for providing assurance services related to financial and nonfinancial metrics. The initiative, called “Accelerating Integrated Reporting Assurance in the Public Interest,” aims to help more businesses implement integrated reporting, which brings together traditional financial reporting with other issues