3+ day, 17+ hour ago   (106+ words) news.bloombergtax.com Mutual funds and other investment companies now have fresh rules meant to help them attach a more realistic value to restricted securities in their financial reports. The Financial Accounting Standards Board issued final guidance Wednesday that amends…...

3+ day, 15+ hour ago   (116+ words) news.bloombergtax.com The US audit watchdog approved a scaled-back version of its firm governance overhaul that strips out provisions backed by investors, including independent oversight of quality safeguards. Auditors have until December to adopt the new quality control standard…...

1+ week, 1+ day ago   (124+ words) news.bloombergtax.com When Clara Lepsius graduated from ETH Zurich, she went to Harvard University to do her thesis. In the US, she teamed up with another ETH alum on a startup that merges tech with infant nutrition. Today, both…...

1+ week, 1+ day ago   (143+ words) The IRS reached an agreement with a New York couple that they no longer owed taxes or penalties, after previously disallowing their $965,000 theft loss deduction related to a cryptocurrency investment scam, according to a US Tax Court decision Friday. Brian…...

1+ week, 3+ day ago   (106+ words) news.bloombergtax.com Grant Thornton’s planned $5 billion acquisition of CBIZ Inc. is a critical part of its strategy to expand its artificial intelligence capabilities, the firm’s US leader said. “Adding that additional level of scale really does give us greater…...

1+ week, 5+ day ago   (297+ words) Ernst & Young LLP is dedicating $100 million for employee rewards to recognize workers who harness technology and advance the US firm’s culture as it bakes artificial intelligence into its services. The Big Four accounting and advisory firm’s program focuses on employees…...

1+ week, 5+ day ago   (98+ words) news.bloombergtax.com A vast majority of the congressional endorsements a key cryptocurrency group has issued this election cycle have either been in races deemed uncompetitive or where two pro-crypto candidates already are facing off, a Bloomberg Government analysis found....

1+ week, 5+ day ago   (111+ words) news.bloombergtax.com The US accounting board’s newest member says she will prioritize corporate and investor feedback as the rulewriter takes up some of the most pressing topics in financial reporting, from crytocurrency to private credit. Nearly two months into…...

2+ week, 4+ day ago   (816+ words) Coinbase Global Inc.’s new general counsel Molly Abraham is re-engineering the legal group she now leads to maximize the impact of artificial intelligence. Abraham, who began her career two decades ago as a product development engineer at Procter & Gamble…...

2+ week, 5+ day ago   (112+ words) news.bloombergtax.com Cryptocurrency trade groups are bringing another legal challenge to Illinois’s first-in-the-nation tax on digital asset transactions, alleging the state hastily enacted a “flawed and unlawful statute.” The Blockchain Association and the Crypto Council for Innovation filed suit…...