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FASB Proposes Changes to Purchased Financial Assets Accounting
Accounting
The Financial Accounting Standards Board (FASB) proposed an accounting standards update to improve the accounting treatment…
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PCAOB Proposes New Rules for Technology Use by Auditors
Accounting
The Public Company Accounting Oversight Board (PCAOB) has proposed amendments to its current standards on the use of…
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International Sustainability Standards Board Issues First Two Standards
The Trusted Professional
The International Sustainability Standards Board (ISSSB) has finalized its first two standards, one on climate-related…
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Regulatory Roundup: June 21-26
Regulatory Roundup
AICPA AICPA & CIMA Support New Sustainability Disclosure Standards from IFRSJune 25, 2023AICPA submits comments regarding…
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High Interest Rates Prime Reason for Uptick in Corporate Bankruptcies and Defaults This Year
The Trusted Professional
There have been 41 corporate defaults in the United States so far this year, more than double the number during the same…
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COVID-19 Guidance for High-Deductible Health Plans Rescinded
The Trusted Professional
In response to the end of the COVID-19 public health emergency, the U.S. Department of the Treasury and the IRS have issued…
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GASB Chair Lays Out Ambitious Agenda
The Trusted Professional
The Governmental Accounting Standards Board (GASB) has numerous items on its agenda, which Chair Joel Black discussed with…
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National Taxpayer Advocate: Taxpayer Experience 'Vastly Improved' in 2023
The Trusted Professional
The IRS improved its performance during this year's tax season, National Taxpayer Advocate Erin Collins said in her midyear…
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PCAOB Spotlight Suggests Questions for Audit Committee Members to Consider
Auditing
The Public Company Accounting Oversight Board (PCAOB)’s June Spotlight on Audit Committee Resource raises questions for…
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