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Regulatory Roundup: December 17 - January 6
Regulatory Roundup
AICPA AICPA & CIMA celebrate top accounting and finance talent at first-ever CGMA Professional Awards – Asia Pacific…
Read More
FASB Publishes Its 2025 Taxonomies
Accounting
The Financial Accounting Standards Board (FASB) has published what is collectively known as the "FASB Taxonomies," according…
Read More
FASB to Build Its Agenda Based on Input in 2025
Accounting
Bloomberg Tax reported that the Financial Accounting Standards Board’s (FASB) top priority for 2025 is identifying which…
Read More
Treasury, IRS Propose Regulations Updating Rules for Tax Professionals
Taxation
The Treasury Department and the IRS issued proposed regulations, which were published in the Federal Register on Dec.…
Read More
FinCEN Extends to Jan. 13 Most BOI Deadlines as Federal Court Lifts CTA Injunction
The Trusted Professional
According to an alert from the Treasury Department's Financial Crimes Enforcement Network (FinCEN), given the Dec. 23 2024…
Read More
AICPA Letter Asks the SEC to Reject PCAOB Final Rules on Firm and Engagement Metrics
Accounting
The AICPA on Dec. 19 sent a comment letter to the Securities and Exchange Commission (SEC) against the Public Company…
Read More
Bill to Prevent Government Shutdown Did Not Include BOI Reporting Deadline Extension
Accounting
According to the Journal of Accountancy, the bill that was passed on the night of Dec. 20 to prevent a federal government…
Read More
FASB Solicits Comments on Accounting for Intangibles
The Trusted Professional
On Dec. 19, the Financial Accounting Standards Board (FASB) published an Invitation to Comment (ITC) offering…
Read More
GAO: Opportunities Exist to Expand Access to IRS' Direct File Service
Taxation
In a December 2024 report, the Government Accountability Office (GAO) said that the opportunities exist to expand access to…
Read More
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