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September 27, 2023

Accounting News Roundup: CFOs’ To-Do List; Hillary’s Exit Tax; EY Buys a Studio; | 12.08.15

Finance Chiefs Get Ready for New Rules [WSJ]
Revenue recognition, lease accounting, insurance contracts and taxes are all on CFOs' to-do lists for 2016 and beyond.

Hillary Clinton Plans a Corporate ‘Exit Tax’ [WSJ]
Despite Treasury's attempts to discourage inversions, Hillary Clinton's plan "would go further, requiring companies to pay U.S. taxes on deferred foreign earnings if they attempt to 'game' her new threshold." Also, presumably some old farmers have had trouble sleeping as HRC will speak about corporate taxes in Iowa on Wednesday.

EY buys a studio
The digital agency arms race is alive and well within the Big 4. Intuitive Company, a "an award-winning studio that designs and builds user-focused apps, websites, and software" is now part of EY and will be called…EY-Intuitive. The firm says that it "plans to leverage Intuitive's unique approach to user experience strategy and replicate it in other studios."  As we've noted, both PwC and Deloitte have enormous digital businesses and EY seems to be trying its best to keep up. 

Bezos counterpunches

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