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FASB Advances Exposure Draft Clarifying Accounting Acquirer Rules in Business Combinations
Accounting
On March 5, the Financial Accounting Standards Board (FASB) voted to advance an exposure draft—issued last Oct. 30—that…
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IRS Continues to Face Massive Workforce Cuts
Accounting
According to The New York Times, the IRS may be facing one of the largest workforce reductions in its history, with reports…
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AICPA Auditing Board Seeks Public Comment on Two Exposure Drafts
Accounting
Journal of Accountancy reports that the AICPA Auditing Standards Board (ASB) has approved two new exposure drafts for…
Read More
Trump Administration Shuts Down 18F, the Government Tech Office That Helped Build IRS Direct File
Accounting
According to a report by Bloomberg, the Trump administration has officially shut down 18F, a federal agency focused on…
Read More
AICPA and NASBA Propose New CPA Licensure Pathway for Public Comment Due May 3
Accounting
AICPA and the National Association of State Boards of Accountancy (NASBA) have opened a 60-day public comment period on…
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FAE’s Exempt Organizations Conference: Zachary Segal on Form 990
Accounting
For tax-exempt organizations, form 990 is more than a tax filing—it’s a vital tool for transparency and governance. At…
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KPMG Launches First Big Four-Owned Law Firm in the U.S.
Accounting
KPMG has launched KPMG Law US, the first law firm owned by a Big Four accounting firm in the U.S. The new firm will…
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Treasury to Stop Enforcement of CTA Against U.S. Citizens, Domestic Reporting Firms
Accounting
The Treasury Department announced on March 2 that, with respect to the Corporate Transparency Act (CTA), "not only will…
Read More
IASB Updates IFRS for SMEs Accounting Standard
Accounting
According to a press release, the International Accounting Standards Board (IASB) has issued a significant update to the…
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