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New Bill Aims to Regulate Tax Preparers and Enhance Service Standards
Accounting
According to Accounting Today, Rep. Steve Cohen (D-TN) has reintroduced the Tax Return Preparer Accountability Act (H.R.…
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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…
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PCAOB Intensifies Enforcement Activity With the Looming Threat of Its Demise
Auditing
The Public Company Accounting Oversight Board (PCAOB) ramped up its enforcement activity in 2024, finalizing 51…
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House Passes Budget Resolution: Tax Cuts and Spending Reductions Up for Senate Negotiation
Accounting
The Financial Times reports that the U.S. House of Representatives has passed a budget resolution proposing $4.5 trillion in…
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PCAOB Withdraws Proposed Rules on Firm and Engagement Metrics to Get SEC's Support
Accounting
The Public Company Accounting Oversight Board (PCAOB) has withdrawn two disclosure rules that the accounting profession was…
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FASB Agenda Presents a Period of Relative Calm for Non-Profits
Auditing
The Financial Accounting Standards Board (FASB) update at the Foundation for Accounting Education’s 47th Annual…
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Political Uncertainty Looms Over PCAOB as SEC Leadership Shifts
Auditing
The oversight of public company accounting is split between two key agencies. However, according to the Wall Street…
Read More
Audit Firms Push Back and Ask SEC to Reject PCAOB Metrics
Auditing
Audit firms are calling on the Securities and Exchange Commission (SEC) to reject new metrics proposed by the Public Company…
Read More
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