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IRS Reevaluates Service Projects as Budget Cuts Bite
Accounting
The IRS is taking a second look at its taxpayer service overhaul after recent staffing and funding cuts disrupted its…
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Regulatory Roundup: July 15 - 21
The Trusted Professional
AICPA AICPA and CIMA Recognised as a Great Place to Work in Sri Lanka for the first timeJul 17, 2025 AICPA and CIMA…
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Treasury Faces Tight Timelines on New Tax Law Guidance
Accounting
According to a report by Accounting Today, the Treasury Department and IRS are under pressure to issue guidance for the One…
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House Lawmakers Start Work on Cryptocurrency Policy Changes
The Trusted Professional
Republicans are pushing for policy changes on cryptocurrency, according to Bloomberg Tax. Efforts on this front began in…
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IIA Unveils Updated Competency Framework for Internal Auditing
The Trusted Professional
The Institute of Internal Auditors recently refreshed its Internal Auditing Competency Framework. This was created to…
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PCAOB's Erica Williams Resigns, to Leave Post Jul. 22
The Trusted Professional
PCAOB Chair Erica Williams will be stepping down after SEC Chair Paul Atkins asked for her resignation, according to a…
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House Republicans Begin Shaping Second Trump Budget Bill
Accounting
Just weeks after the passage of President Donald Trump’s sweeping $3.4 trillion tax and spending bill, House Republicans…
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Senate Passes Legislation Paving the Way for More Tax Relief During Natural Disasters
The Trusted Professional
Legislation passed by the Senate authorizes the IRS to postpone federal tax deadlines for taxpayers impacted by a qualified…
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Report Shows a Decline in the CPA License's Prominence
The Trusted Professional
The CPA credential is still seen as a foundation of the profession, but new data highlight its prominence is on a downward…
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