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Your Daily Accounting Briefing – 2024-01-11

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Let’s see what’s in the news today.

IIA releases global internal audit standards

The Institute of Internal Auditors issued a newly updated set of Global Internal Audit Standards, taking effect in January 2025.

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Companies worry about double taxation from global tax reform

International tax professionals are concerned that multinational companies could be facing the prospect of double taxation as a result of the OECD’s tax changes, according to a new survey by EY.

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M3 Named Best Finance & Accounting Software for the 4th Consecutive Year in the 2024 HotelTechAwards

M3’s Accounting Core™ solution has been named 2024’s #1 Finance & Accounting Software by Hotel Tech Report, and M3’s Labor Management™ solution has been named 2024’s #2 Scheduling and Labor Management Software.

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Citrin Cooperman acquires Coleman Huntoon & Brown

The New York-based firm is expanding to the Carolinas with its latest M&A deal.

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AI in IRS Auditing

AI audit concerns and improvements Although there can be benefits to utilizing AI for auditing taxpayers, there are also concerns …

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