Weekly News Round Up: Tax Filings Off to Strong Start; Comcast-Time Warner Deal; and COSO and ESOP News

Welcome to the Weekly News Round Up from the SC&H blog. Each week, we showcase a series of news stories that span everything from government contracting to personal finance to state and local tax issues.

This week, we have compiled stories about the IRS reporting a strong start to tax fillings so far this year, the proposed mega-deal between Comcast and Time Warner and the AICPA’s new standard on the use of internal auditors.

Tax Filings Off to a Strong Start This Year, IRS Reports

Last week, the Internal Revenue Service said that tax filings so far in 2014 have outpaced filings for the same time last year.

Comcast-Time Warner Merger: Biggest M&A News From Last Week

Without a doubt, the biggest merger announcement from last week was the Comcast-Time Warner deal. Though the pending deal has many detractors.

AICPA Issues Standard on Use of Internal Auditors

The American Institute of CPAs’ Auditing Standards Board has released a standard called Statement on Auditing Standards No. 128, which addresses the work of internal auditors.

COSO Examines How Frameworks Can Improve Organizational Performance and Governance

The Committee of Sponsoring Organizations of the Treadway Commission has released a new paper examining how frameworks such as the ones it has issued for internal control and enterprise risk management can improve the performance and governance of an organization.

The Better Exit Strategy: ESOPs Satisfy Business Owners and Preserve Their Legacy

Be sure to check out these following insights into why Employee Stock Ownership Plans (ESOP) are ideal for developing an exit strategy, while preserving the company’s legacy.

OMB Tells Congress Sequestration Cuts Aren’t Needed In 2014

The Office of Management and Budget told Congress in a recent report that it estimates the enacted fiscal 2014 discretionary appropriations are within the spending limits under the Budget Control Act.