Foreign Import: Is the U.S. Headed for a Value Added Tax?

Assuming that tax revenues and spending remain unchanged, the Congressional Budget Office projects deficits of $600 billion or more per year between 2011 and 2020.
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Still Waiting, Still Wondering — An Update on the Status of International Accounting Standards

Just over a year ago, the future of accounting standards in the United States seemed certain: Generally Accepted Accounting Principles (GAAP) were on the way out, and International Financial Reporting Standards (IFRS) were on track to be adopted, first for public companies, and then some years down the road, for private enterprises.
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Expanding Resources to Navigate the Complexity of International Business Opportunities

The complexities of U.S. tax law are multiplied when a U.S.-based company begins exploring global business opportunities. Corporate structure, supply chain, cross-border transactions, method and timeline of revenue declaration, international accounting issues and many other factors will impact the U.S. company’s tax obligations here and abroad.
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Partial Plan Terminations — What Every Employee Benefit Plan Sponsor Should Know About the Potential Impact of Employee Terminations

A “partial plan termination” sounds like a serious matter. In fact, it can be serious, with consequences including the potential disqualification of an employee benefit plan by the IRS. But such dire consequences can be avoided if an employee benefit plan sponsor conducts a timely evaluation to determine if a partial plan termination (PPT) has occurred.
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The Evolving Role of Internal Audit in Risk Management

Risk is inherent in any business — without risk, there is no reward. The last two years, however, have sharply intensified the focus of organizations on their risk profile and how they are managing their risks.
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Technology Trends — Keeping Up with the Latest Could Pay Dividends Later

In our current economy, technology spending has been focused primarily on maintenance rather than strategic growth. Even after nearly two years, some businesses continue to take a “wait and see” approach to technology plans and investments. And yet technology marches on, becoming more and more integral to business growth.
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