NEWS

AICPA and CIMA members approve ballot initiatives by wide measure

Members of the AICPA and The Chartered Institute of Management Accountants voted in separate ballot measures to approve a proposal to create a new international accounting association that will integrate operations and represent the entire accounting profession, while preserving the membership bodies of both organizations.

FAQs explain the wrongful incarceration exclusion

A new law allows taxpayers to exclude from income money they receive to compensate them for being wrongfully incarcerated and to claim refunds for earlier tax years if they included such damages in income.

FASAB seeks transparency on tax expenditures

The Federal Accounting Standards Advisory Board proposed a standard with the intention of providing the public more information about the U.S. government’s tax expenditures.

SPONSORED REPORT

Click-through nexus: Pushing the boundaries of sales tax compliance

Sales and use tax compliance has been complicated by nexus expansion. In this report, we provide an overview of this issue and include a handy state-by-state summary of click-through nexus or notification requirements.

QUIZ

News quiz: Surveys gauge attitudes toward IRS and economy

Recent news reported about perceptions of IRS service during the recent tax filing season and of the U.S. and global economy during the second quarter. See how much you know about recent news with this quiz.

CHECKLIST

Auditing risks in culture

Cultural flaws can seriously damage an organization. Here’s how internal auditors can reduce risks by embedding culture audits into existing audit programs.