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Executives Say They're Unfazed by New Buyback Tax
Taxation
A 1 percent tax on buybacks that could cost companies billions of dollars takes effect in January, but many executives say…
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Congress Works to Achieve Tax-and-Spending Agreement by Year End
Taxation
As the last session of the 117th Congress winds down, members are rushing to find common ground on tax-and spending…
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PCAOB Report: Average Number of Critical Audit Matters Has Declined Over Time
Auditing
The average number of critical audit matters (CAMs) per audit report has declined over time, and the proportion of audit…
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Trump Organization Convicted of Tax Fraud
Taxation
The Trump Organization was convicted on 17 counts of tax fraud and other crimes yesterday, multiple news organizations…
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Conference Speaker Looks Back and Ahead at Federal Tax Issues
Taxation
Walter Primoff, a tax consultant at the Dowling Group, offered federal income tax updates and addressed some recent tax…
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Crypto Exchanges Try to Mollify Investors with Limited Attestations
Auditing
Prompted by the collapse of FTX, cryptocurrency exchanges have hired outside auditors to provide a proof-of-reserves report…
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As Employers Seek to Rein in Wages, Workers Still Have Leverage
The Trusted Professional
The low unemployment rate (currently 3.7 percent) has given employees the upper hand in negotiating wage increases, but…
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Traders Hope the Fed Will Raise and Hold Interest Rates
The Trusted Professional
Financial markets traders are wary about whether the Federal Reserve Board can raise interest rates high enough to curtail…
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Regulatory Update November 29 - December 5
Regulatory Roundup
AICPA Most U.S. Business Executives Say Economy is Already in Recession or Will Be Before 2023, AICPA & CIMA Survey…
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