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Accountants shifting to more advisory services amid coronavirus

Accountants and tax professionals have been helping their small business clients deal with the economic fallout from the COVID-19 pandemic, shifting away from their routine compliance work after the end of the prolonged tax season.

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SEC loosens auditor independence rules

The Securities and Exchange Commission voted to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years.

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Tax Fraud Blotter: Rough waters

Three defaults and you’re out; scheme of several years; misstep by misstep; and other highlights of recent tax cases.

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