As part of its continuing effort to combat financial reporting fraud, the Public Company Accounting Oversight Board (PCAOB) recently issued Release No. 2014-002, which adopted Auditing Standard No. 18, Related Parties, and amended certain existing standards.

A fundamental tax planning strategy is to accelerate deductible expenses into the current year. This typically will defer — and in some cases permanently reduce — your taxes. But there are exceptions. One is if the additional deductions this year trigger the alternative minimum tax (AMT).

Last month, the U.S. Department of Homeland Security cybersecurity team issued a warning against the Shellshock bug, a high risk software vulnerability that could affect millions of Linux and Mac computers.

Public companies planning to expand internationally — particularly into “high-risk” markets — should be wary of the FCPA. This was enacted to make it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.

If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger contributions than you could make as an employee.

As the number of investigations into financial crisis cases continues to wane, the SEC is refocusing its efforts and resources into public company financial fraud.

Why everyone’s talking about these cross-border mergers.

Today’s business environment is highly automated and globally connected. Remote workforces are common and businesses face ever increasing expectations for transparency. The 2013 COSO Internal Control-Integrated Framework acknowledges those changes.

On Friday, October 3, 2014, the American Institute of Certified Public Accountants (AICPA)  and CPA Canada communicated their intention to discontinue the Systrust and SOC 3 SysTrust for Service Organizations seal programs. The decision goes into effect immediately.

For assets with a useful life of more than one year, businesses generally must depreciate the cost over a period of years. Special breaks are available in some circumstances, but uncertainty currently surrounds them: