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ChatGPT Roiling Markets, As Stocks Swing in Both Directions
Trusted Professional
Investors are trying to figure out the impact of AI chatbots such as ChatGPT on companies and industries, and some stocks…
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TIGTA: IRS Knowledge Management System Needs Improvements
Taxation
IRS employees have experienced difficulties using the enterprise-wide Knowledge Enterprise System, a Treasury Inspector…
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Institute of Internal Auditors Issues Legislative Proposals for Crypto Exchange Governance
Auditing
The Institute of Internal Auditors (IIA) has called upon Congress to consider legislation that would enhance corporate…
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New York Attorney General Proposes New Legislation to Regulate Crypto Industry
Trusted Professional
On Friday, New York Attorney General Letitia James proposed state legislation to tighten regulation of the cryptocurrency…
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Sen. Gillibrand Demands IRS Action on Outstanding ERC Claims
Taxation
Almost one million New York businesses are still owed an employee retention credit (ERC) for keeping workers on staff during…
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Regulatory Roundup: May 2-8
Regulatory Roundup
CBO Cost EstimateH.R. 1734, TRANQ Research ActMay 5, 2023 As ordered reported by the House Committee on Science, Space,…
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PCAOB Chair Highlights Significant Auditing Deficiencies Found During Inspections
Auditing
Public Company Accounting Oversight Board (PCAOB) inspectors have been uncovering an increasing number of problems at…
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TurboTax to Begin Payouts from $141 Million Settlement Over Free-Filing Deceptive Practices
Taxation
x Millions of Americans will start receiving restitution payments from Intuit’s TurboTax next week as part of the $141…
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SEC Adopts New Disclosure Rules for Hedge Fund and Private Equity Advisers
Trusted Professional
The Securities and Exchange Commission (SEC) voted on Wednesday to adopt new disclosure rules for hedge fund and private…
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