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Regulatory Roundup: March 28–April 3
Regulatory Roundup
AICPA AICPA Requests IRS Broaden and Automate Relief for All DisastersMarch 29, 2023 AICPA Comments on Interim Guidance…
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Report Warns of Five Tax Myths on TikTok
Taxation
With members of Generation Z using TikTok as a search engine, gig workers in that cohort may turn to that platform for tax…
Read More
Companies Seek Guidance on Corporate Minimum Tax Due to Extraordinary Transactions
Taxation
Some business leaders and companies are concerned that certain one-time business transactions would make them liable to pay…
Read More
FASB Releases Update on Tax Credit Investments
Accounting
The Financial Accounting Standards Board (FASB) released an accounting standards update to allow reporting entities to…
Read More
Yellen Advocates Stronger Bank Regulation
Trusted Professional
The failures of Silicon Valley Bank and Signature Bank demonstrated that regulatory requirements should be reassessed, U.S.…
Read More
As Top Regulator Cites Mismanagement as Root of Bank Failures, Senators Also Blame Regulators
Trusted Professional
In a Senate hearing, a top banking regulator blamed the collapse of Silicon Valley Bank on its disregard for federal…
Read More
FinCEN Issues Initial Guidance for Beneficial Ownership Information
Trusted Professional
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued reporting requirements for initial beneficial…
Read More
New Oversight Body Launched to Strengthen International Audit and Ethics Standards
Auditing
The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for…
Read More
CFTC Charges Binance Digital Asset Exchange with Multiple Violations
Trusted Professional
The Commodity Futures Trading Commission (CFTC) has charged Binance, the world’s largest cryptocurrency exchange, and…
Read More
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