The American Institute of CPAs expressed disappointment that the tax reform bill didn't provide the same favorable tax treatment for accounting firms as it does for other pass-through businesses and for C corporations. “While the tax reform legislation contains several provisions that should be welcomed
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The Public Company Accounting Oversight Board said Wednesday it has imposed a $1.5 million civil penalty against Grant Thornton LLP and censure the firm for violations of quality control standards and for audit failures. GT's quality control violations occurred in connection with its assignment, support
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EU Commissioner Valdis Dombrovskis asked the heads of the EU's three financial supervisors to update their warnings to consumers “as a matter of urgency” in light of recent market developments, according to a letter seen by Bloomberg. “The developments relating to bitcoin and cryptocurrencies in
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The U.S. Treasury Department said it will sanction Chechen leader Ramzan Kadyrov and four other people for human rights violations in Russia, a move likely to exacerbate tensions between Washington and Moscow. The designations announced Wednesday bring the total number of individuals
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President of Toyota Motor Akio Toyoda (L) shakes hands with President of Panasonic Kazuhiro Tsuga (R) during a joint press conference in Tokyo on December 13, 2017.
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