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Hoogervorst reappointed as IASB chairman

His first term brought significant new standards.

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Hans Hoogervorst was reappointed as chairman of the International Accounting Standards Board (IASB) for a second five-year term that will begin July 1. Ian Mackintosh, the IASB vice chairman, will retire on June 30.

Under Hoogervorst and Mackintosh, the IASB has completed high-profile standards on revenue recognition, financial instruments, and leases. The number of countries applying IFRS increased during their joint tenure.

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Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.