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Regulatory Roundup: October 22-28
Regulatory Roundup
AICPACIMA urges UK Government to prioritize economic growth, productivity, and policy certainty for business in Autumn Budget…
Read More
Williams Sworn in for Second Term as PCAOB Chair
Accounting
Public Company Accounting Oversight Board (PCAOB) Chair Erica Y. Williams was sworn in at the Securities and Exchange…
Read More
AICPA Calls for Guidance for Cannabis Businesses Before Rescheduling by DOJ
Accounting
On Oct. 21, the AICPA submitted a letter to the Treasury and IRS asking for guidance for cannabis businesses in anticipation…
Read More
PCAOB Releases Three Key Resources to Facilitate QC 1000 Implementation
Accounting
The Public Company Accounting Oversight Board (PCAOB) on Oct. 23 released three new resources to help implement QC 1000, A…
Read More
FASB Grants Private Companies Credit Loss Accounting Reprieve
Accounting
The Financial Accounting Standards Board (FASB) took up the Private Company Council’s (PCC) project applying Topic 326,…
Read More
Agencies Are Not Requiring Tax-Exempt Groups to File a Corporate AMT Form for 2023
Taxation
The Treasury Department and the IRS on Oct. 23 granted tax-exempt organizations a filing exception. The agencies said these…
Read More
IRS Announces Tax Inflation Adjustments for 2025
Taxation
The IRS announced on Oct. 22 the yearly inflation adjustments for tax year 2025. Revenue Procedure 2024-40 offers…
Read More
Treasury, IRS Publish Sustainable Aviation Fuel Credit Guidance
Taxation
The Treasury Department and the IRS published Notice 2024-74 for the Sustainable Aviation Fuel (SAF) credit established…
Read More
AICPA and NATP Express Disapproval Over Intuit's Ad Campaign
Taxation
The AICPA and National Association of Tax Professionals (NATP) recently expressed disapproval of Intuit's ad promoting its …
Read More
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