Featured News

  • New survey on CPA pipeline challenges

    October 7, 2020

    To best serve accounting and finance professionals, the Illinois CPA Society is conducting a research study focusing on the decision to pursue, or not pursue, the CPA credential.

  • IESBA revises code of ethics 

    October 7, 2020

    The International Ethics Standards Board for Accountants released revisions Monday, Oct. 5, to the International Code of Ethics for Professional Accountants.

  • Ransomware attacks surge in pandemic

    October 6, 2020

    Ransomware attacks reached a new high amid the pandemic, prompting cybersecurity experts and government officials to urge people not to pay ransoms because it's the only way to end the cycle.

  • IRS rules on biz meals, entertainment

    October 5, 2020

    The IRS has released the final regulations on business entertainment expenses and clarified treatment of deductions for food and beverages.

  • Employee resilience impacts bottom line

    October 4, 2020

    Building employee resilience is an important component in building back our economy. Resilience can be taught, and it can have a positive impact on your organization’s bottom line.

  • M&A spikes in third quarter

    October 3, 2020

    Mergers and acquisitions came back with a bang in the third quarter, as executives rushed to revisit deals left on hold and boardrooms regained confidence after a roller-coaster year.

  • GDP slid 31.4% in second quarter

    October 2, 2020

    The U.S. economy plunged at an unprecedented rate in Q2 and, despite positive predictions for Q3, will likely shrink overall this year for the first time since the Great Recession.

  • DOR seeks input on proposed tax rule SS 003-20

    October 1, 2020

    The DOR is soliciting comments concerning the economic effect of a proposed administrative rule relating to the credit for tax paid to other states.

  • Enhancing the reliability of non-GAAP reporting

    September 30, 2020

    Engaging external auditors to perform procedures outside the financial statement audit related to non-GAAP financial measures or KPIs can raise public confidence in the information.

  • Strengthening client relationships amid the pandemic

    September 29, 2020

    By assisting new and existing clients during the COVID-19 pandemic, CPAs can build upon their success by maintaining strong client relationships.