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Regulatory Roundup: October 10-16
Regulatory Roundup
AICPA U.S. Accounting Firms Show Strong Growth in Profit and Revenue, AICPA & CIMA Research FindsPublic accounting firms…
Read More
IRS Projects Annual Tax Gap for 2021 to Rise to $688B
Taxation
The IRS has released a new tax gap projection, indicating that the projected gross tax gap increased to $688 billion for tax…
Read More
PCAOB Staff Report Finds Widespread Flaws in Engagement Quality Reviews
Auditing
A new Public Company Accounting Oversight Board (PCAOB) staff report discloses that 42 percent of the firms that the PCAOB…
Read More
TIGTA: Most of IRS’s Initial Inflation Reduction Act Spending Went to Taxpayer Services
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has issued a report finding that the majority of the IRS's…
Read More
Survey: Auditors Worry Most About Cybersecurity Risks, But AI Is Growing Concern
Auditing
A recent survey has found that 75 percent of technology audit leaders and professionals consider cybersecurity to be a…
Read More
SEC Adopts Beneficial Ownership Rule, Shortening 13D-G Filing Period from 10 to 5 Days
The Trusted Professional
The Securities and Exchange Commission (SEC) has adopted rule amendments governing beneficial ownership reporting under…
Read More
Survey: 84% of CFOs in U.S. and U.K. Face Significant Talent Shortage
The Trusted Professional
A recent survey has found that 87 percent of chief financial officers in the United States and the United Kingdom "face a…
Read More
IRS Offers Guidance on Transferring Clean Vehicle Credits
Taxation
The IRS recently announced that it has issued proposed regulations, Revenue Procedure 2023-33 and FAQs for the…
Read More
Claudia Goldin Wins Nobel Economics Prize for Research on Women in Labor Force
The Trusted Professional
Editing1088, Creative Commons License Claudia Goldin was awarded the 2023 Nobel Prize in economics for her work creating…
Read More
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