Weekly News Round Up: The Election and Corporate Tax Reform; Global M&A and Brexit; and Voluntary Audit Disclosures Continue to Increase
October 10, 2016 - By: SC&H Group
Welcome to the Weekly News Round Up from the SC&H Group blog. Each week, we showcase audit, tax, and consulting news to keep you informed about the current stories and events impacting the accounting and business landscape – and ultimately your financial obligations.
This week, we highlight how many experts believe that any U.S. corporate tax reform efforts will be tackled after the presidential election. In addition, the election, along with Brexit, are having a negative impact on global M&A activities, and voluntary audit disclosures continue to increase.
U.S. Corporate Tax Reform Looks More Likely After Election
Many experts believe that any efforts to reform of the U.S. corporate-tax system will be addressed after the presidential election.
U.S. Growth Revised Upward to 1.4 Percent for Q2
According to the Commerce Department, the U.S. economy grew at a faster rate in the second quarter than previously estimated, reflecting in part improvement in net exports and business investment.
Brexit and U.S. Election Cause Drop In Global M&A Volume
Political risks such as Brexit and the U.S. presidential election have scared companies off from inking deals so far this year, according to a new report.
CEO Pay Ratio Lower Than Expected
New research suggests that the average ratio between CEO compensation and that of a typical worker is closer to 200:1 than the widely reported 300:1.
Voluntary Audit Disclosures Continue to Grow
Large U.S. companies are continuing to increase voluntary audit committee-related disclosures in a number of areas including how they oversee and appoint external auditors and the reasons for changes in fees, according to a new study.
CAQ Issues Alerts on Risks for Upcoming Audit Cycle
The Center for Audit Quality published two new member alerts to help public company auditing firms quickly and proactively address potential risks.
How the Next President Will Manage Your Money
Bloomberg News is offering these insights into how each presidential candidate’s policies on the economy could impact your personal finance planning.