Month: August 2017

AICPA Answers Internal Control Technical Questions

In April 2017, the AICPA released several nonauthoritative answers to technical questions, which are based on matters identified from questions received into the AICPA’s technical hotline and other sources. The following summarizes the guidance provided in Section 8200, Internal Control: Auditors...


Tax Reform and the Repatriation of Foreign Earnings

“To be or not to be?” – that is the question facing many tax reform proposals currently before Congress. Amid this uncertainty, there is an idea that has support from both sides of the aisle – enacting a one-time deemed repatriation of foreign earnings and taxing such earnings at  a reduced...