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Weekly News Round Up: IRS Pension Plan Payment Flexibility; CFOs Liking Cloud-Base ERP Systems; and Healthcare M&A Strong

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 the IRS has issued final regulations allowing for more flexibility when it comes to pension plan payments. In addition, CFOs are starting to fully embrace cloud-based ERP systems, and healthcare M&A will remain strong this year.

Food, Gas Keep Producer Prices Unchanged

Prices paid by U.S. businesses for goods and services were unchanged in August as food and gas prices continue to keep inflation on the low side, according to CFO Magazine.

IRS Offers More Flexibility in Pension Plan Payments

The Internal Revenue Service has issued final regulations allowing pension recipients to split their benefits between both monthly annuity payments and a lump sum.

CFOs Are Finally Getting Onboard with Cloud-Based ERP Systems

No longer waylaid by security and compliance concerns, more CFOs are reportedly moving forward with cloud-based ERP as a cornerstone for digital transformation.

PCAOB Sanctions Audit Firms and Partners for Violating Independence Rules

The Public Company Accounting Oversight Board imposed sanctions on three audit firms, along with engagement partners at two of the firms, for violating independence requirements while auditing broker-dealer clients.

Dealmakers’ Forecast for Healthcare M&A Brightens

The outlook for M&A in the healthcare sector was much more positive in August than it was earlier in the year, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). 

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