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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…
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Global Standards Set to Transform Sustainability Assurance and Ethics Practices
Ethics
According to a report by Accounting Today, the International Auditing and Assurance Standards Board (IAASB) and the…
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Scott Bessent Confirmed as Treasury Secretary Amid Expiring Tax Cut Challenges
Taxation
According to a report by CPA Practice Advisor, Scott Bessent has been confirmed as Treasury Secretary by a 68-29 Senate…
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IRS Faces Hiring Freeze and Revoked Job Offers as Tax Season Begins
Taxation
The IRS is navigating tax season under a federal hiring freeze imposed through an executive order by President Donald Trump…
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Regulatory Roundup: January 21 - 27
Regulatory Roundup
AICPA AICPA Comments on Corporate Alternative Minimum Tax Proposed RegulationsJan 23, 2025AICPA Offers Strong Support for…
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Supreme Court Lifts CTA Injunction, but Enforcement Remains on Hold
Taxation
The U.S. Supreme Court has lifted a nationwide injunction on the Corporate Transparency Act (CTA), which mandates businesses…
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GOP Bill Targets Global Tax Deal and Foreign Tax Policies
Taxation
House Republicans have introduced the Defending American Jobs and Investment Act (H.R. 591), aiming to formalize the…
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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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