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Congressional Report: Tax Prep Companies Shared Personal Data with Tech Sites
The Trusted Professional
Three large tax preparation companies shared confidential user data with Facebook and Google in violation of federal law, an…
Read More
Lack of Skilled Accountants Leading to ICFR Material Weaknesses
Accounting
The shortage of qualified accountants has begun to affect financial statements made by some U.S.-listed companies, The Wall…
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IRS Whistleblower Awards Increased Last Year
The Trusted Professional
The Internal Revenue Service (IRS) awarded whistleblowers more money last year than in the previous fiscal year, but less…
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CFOs React to ISSB Standards
The Trusted Professional
Now that the International Sustainability Standards Board (ISSB) has released its first two standards, American CFOs are…
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Companies Concerned About Potential Risks Posed by AI Tools at Work
The Trusted Professional
As generative AI tools become increasingly integrated into workplace tools, companies have banned or restricted their use by…
Read More
Regulatory Roundup: July 1-7
Regulatory Roundup
AICPA AICPA & CIMA update Global Management Accounting Principles to reflect new era of digital acceleration and ESGJune…
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Credit Unions Resilient Despite Recent Banking Sector Turmoil
The Trusted Professional
Credit unions—and not just large financial institutions such as JPMorgan Chase and Bank of America—benefited from the…
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IRS Committee Makes 26 Recommendations to Improve Taxpayer Experience, Including Updating 1099-K and Its Instructions
Taxation
The IRS Electronic Tax Administration Advisory Committee (ETAAC), in its 2023 Annual Report to Congress, has made a series…
Read More
EY Survey: 96% of Businesses Are Transforming Tax and Operating Models
Taxation
An Ernst & Young survey of 1,600 tax and financial professionals found that 96 percent of businesses are transforming…
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