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How AI Is Transforming the Jobs of Accountants
Artificial intelligence has become a buzz-phrase of sorts in recent years, and while it's become hard to separate the hype from its practical potential, AI is rooted in a very realistic notion. Put...
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Controllers Feel Pressure to Cook the Books
Nearly two-thirds of corporate controllers feel pressure to "cook the books," according to a new international survey, and many of them feel that misrepresenting their company's performance is just...
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New Safe-Harbor Guidance for First-year Depreciation Deduction for Cars
The Treasury Department and the IRS have issued guidance that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent...
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The Eternal Question: What Are a Taxpayer's Chances of an IRS Audit?
As IRS budgets and audit staff continue to diminish, audit numbers are at an all-time low. But when you file your clients' returns, the most common question persists: "How likely am I to be...
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No Delay in Lease Accounting Standard Effective Date
FASB will not be providing a last-minute reprieve on its lease accounting standard effective date, despite the concerns of financial statement preparers about the difficulty of implementing the new...
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