Author: Editor

The American Institute of CPAs has updated its practice aid on digital assets with a new chapter on auditing cryptocurrency lending and borrowing transactions.The new chapter in the Digital Assets Practice Aid includes examples of audit procedures to help identify and respond to potential misstatements in financial reporting involving these crypto lending and borrowing transactions.The practice aid contains nonauthoritative guidance on how to account for and audit digital assets. The new chapter walks through two typical scenarios:When a borrower of a crypto intangible asset is not required to post collateral; andWhen a borrower is required to post collateral.In each case,…

Eight major health care corporations were able to avoid $34 billion in taxes thanks to the Tax Cuts and Jobs Act, while increasing costs, denying care to customers and cutting staff, according to a new report.The report, released Wednesday by the advocacy groups Americans for Tax Fairness and Community Catalyst, discusses how insurers like Centene, Cigna, CVS Health (which owns Aetna), Elevance (formerly known as Anthem), Humana, UnitedHealth, and hospital chains HCA Healthcare and Universal Health Services leveraged tax breaks to benefit shareholders and executives instead of investing in patient care and improved health outcomes. Since the TCJA passed in…

In this photo illustration, Ruth Jones, Immunization Nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center on May 29, 2025 in Miami, Florida. Joe Raedle | Getty ImagesFlorida plans to end all state vaccine mandates, including for children to attend schools, state Surgeon General Joseph Ladapo, a prominent immunization critic, announced Wednesday.The move would make Florida the first-ever state in the U.S. to withdraw from the requirements that are credited with increasing vaccination rates in communities and preventing outbreaks of infectious diseases. The rollback could result in fewer school children getting immunized against deadly viruses…

Rashee Rice #4 of the Kansas City Chiefs reacts with the NBC Sunday Night Football Player of the Game football following the win against the Atlanta Falcons at Mercedes-Benz Stadium on September 22, 2024 in Atlanta, Georgia. Todd Kirkland | Getty Images Sport | Getty ImagesThe NFL season officially starts on Thursday, and Comcast’s NBCUniversal is already taking a victory lap.NBCUniversal said the upcoming NFL season marks its highest grossing to-date when it comes to overall advertising and partnerships revenue. The company also said it’s already sold out of ad spots for Super Bowl LX in February.Live sports — especially…