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TIGTA says IRS has work to do on Login.gov security controls
The IRS is making progress in moving its use of Login.gov toward compliance with federal standards, according to a new TIGTA report, but the tax agency has more security improvements to implement around its expanded use of the single sign-on service. Where the IRS is falling short, the watchdog said, is in its requirements for…
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Two more accounting firms censured by Canadian audit watchdog
After censuring seven accounting firms in 2023, the Canadian Public Accountability Board has added two more Canadian auditors to the list in 2024. Kingston Ross Pasnak LLP of Alberta was sanctioned in June and Macias Gini & O’Connell LLP, which is based in Los Angeles and does not have offices in Canada, was sanctioned in…
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PCAOB highlights increase in audit deficiencies in broker-dealer financial reports
An annual PCAOB report has revealed an increase in the percentage of broker-dealer financial reports with audit deficiencies. The report highlights the nature of the deficiencies and provides advice for avoiding future occurrences. In 2023, at least one deficiency was identified in 70% of the 103 audit engagements reviewed, up from 56% the previous year….
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Experience, Learn and Earn (ELE) program grows with online courses
A program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure has expanded since it began offering online courses last semester. The Experience, Learn and Earn (ELE) Program, sponsored by the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA), has seen…
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Grant Thornton appoints 56 partners, principals, and MDs
Grant Thornton US has admitted its annual class of new partners and principals and promoted a group of professionals to managing directors. Grant Thornton Advisors LLC, which provides non-attest services, admitted nine new principals and promoted 22 to managing director. At the same time, Grant Thornton LLP, which provides attest services, admitted 13 new partners…
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IRS advocates PINs as ID theft prevention measure
The IRS and its Security Summit partners are reminding tax professionals and taxpayers about the IRS Identity Protection PIN program and the IRS online accounts that protect against tax-related identity theft. IRS Commissioner Danny Werfel urges people to sign up for both IP PINs and the Online Account to protect their valuable information and avoid…
