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Regulatory Roundup: January 10-17
Regulatory Roundup
AICPA Your AICPA email and passwordJan. 12, 2023CBOReportExpired and Expiring Authorizations of Appropriations for Fiscal…
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Conference Speakers Present Case for Litigation Finance as New Asset Class
The Trusted Professional
At the Foundation for Accounting Education's Taxation of Financial Instruments Conference on Jan. 10, Mark H. Leeds, a tax…
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National Taxpayer Advocate Reports Continuing IRS Service Issues But Progress in Reducing Backlog
Taxation
The IRS has made significant strides in reducing its backlog of returns but still needs improvement in taxpayer services and…
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Paul Munter Becomes SEC Chief Accountant
The Trusted Professional
Paul Munter, who has served as the Securities and Exchange Commission (SEC)’s acting chief accountant since January 2021,…
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In State of the State, NY Gov. Hochul Announces No Income Tax Increases, Proposes Tax Incentives
The Trusted Professional
Delivering her second State of the State address, and her first since being elected in her own right, New York Gov. Kathy…
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Powell: Federal Reserve Should Maintain Independence, Mostly Avoid Climate Issues
The Trusted Professional
The Federal Reserve Board should maintain its independence and avoid other issues that are not within its mandate, Chair…
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FTC Moves to Ban Noncompete Clauses
The Trusted Professional
The Federal Trade Commission (FTC) has proposed a rule to ban employers from imposing noncompete clauses on employees,…
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GAO Report Considers Ways to Maintain Local News
The Trusted Professional
Noting the decline in local news media, the Government Accountability Office (GAO) released a report that suggested policies…
Read More
Syracuse University Report Finds Disparities in IRS Audits
Taxation
The chances of a millionaire being audited by the IRS last year stood at about one in 100, while lower-income wage earners…
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