The U.S. Supreme Court’s decision on the examination period for basis overstatements leaves questions about judicial review of IRS regulations.
PROFESSIONAL LIABILITY SPOTLIGHT
Evaluating clients annually is good practice management for a professional services firm. A firm’s strategies, areas of practice, and risk profile change over time. As a result, certain clients may no longer be a desirable fit for the firm.
The appetite for CFOs to participate on corporate boards is increasing—a demand that, if met, could help not only companies, but also the financial professionals who end up in board roles.
Corporate governance practices are essential in the fight against fraud in organizations. Are you up to date on the hot issues and recent developments in corporate governance? Find out in our Fraud IQ quiz.
Captive insurance companies offer many advantages to corporations and shareholders, but many people associate them with large enterprises that set up offshore subsidiaries. This article examines the advantages of this type of arrangement for closely held businesses, including reducing insurance costs, shielding assets from creditors, and lowering taxes.
Small businesses often lack resources to implement appropriate fraud prevention and detection techniques. CPAs can help small business clients combat fraud with this easy-to-use assessment tool that can help pinpoint potential trouble spots.