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IRS Buyout Plan Delayed for Tax Season Workers
Accounting
The Associated Press reports that the IRS has informed employees that those involved in the 2025 tax season will not be…
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AICPA Plans Independence Rule Update Amid Private Equity Surge
Accounting
The AICPA is preparing to update its independence rules in response to the growing influence of private equity in accounting…
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Global Confidence Declines Among Accountants and Finance Professionals
Accounting
The Q4 2024 Global Economic Conditions Survey (GACS), conducted by the Association of Chartered Certified Accountants and…
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FASB Proposes Targeted Codification Updates
Accounting
On Jan. 22, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) to enhance…
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Conference Speakers Discuss Embracing the AI Revolution
Accounting
The “AI for Real” session at the Foundation for Accounting Education (FAE) 47th Annual Nonprofit Conference offered a…
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Another Texas Court Issues a Preliminary Injunction on the Corporate Transparency Act
Accounting
Another federal court in Texas has once again blocked the Corporate Transparency Act (CTA) and its beneficial ownership…
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Blackstone's Investment in Citrin Cooperman Shows PE's Growing Role in Accounting Profession
Accounting
Blackstone has acquired a significant stake in top 20 tax firm Citrin Cooperman, Wall Street Journal reported. The…
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Justice Department Urges Supreme Court to Stop CTA Injunction
Accounting
On Dec. 31, the Department of Justice (DOJ) asked the U.S. Supreme Court to issue a stay of the preliminary injunction that…
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FASB Publishes Its 2025 Taxonomies
Accounting
The Financial Accounting Standards Board (FASB) has published what is collectively known as the "FASB Taxonomies," according…
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