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PCAOB Staff Spotlights Quality Control Remediation
Auditing
The staff of the Public Company Accounting Oversight Board (PCAOB)’s Division of Registration and Inspections staff has…
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Study Finds IRS Audits Black Taxpayers at Higher Rate
Auditing
The IRS audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, a Stanford University study found.…
Read More
Global Minimum Tax Deal Moves Ahead Without U.S.—For Now
Trusted Professional
The global corporate minimum tax deal reached in 2021 is being implemented in the European Union and other countries, while…
Read More
FASB to Propose Crypto Accounting and Disclosure Rule
Accounting
The Financial Accounting Standards Board (FASB) voted to propose a new rule on the accounting for and disclosure of crypto…
Read More
IRS Lists the Most Common Tax Return Errors, Saying E-Filing Can Avoid Many of Them
Trusted Professional
Filing season is under way, and the IRS has issued a list of the most common tax return errors. The IRS calls theses errors…
Read More
KPMG Survey: Chief Tax Officers Plan to Outsource More Work in Coming Years
Taxation
A large majority of chief tax officers at multibillion-dollar companies surveyed by KPMG plan to outsource more work to…
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Federal Officials Seek Congressional Help to Address Fraud That Plagued Coronavirus Relief Programs
The Trusted Professional
Billions of dollars have been stolen from federal coronavirus pandemic relief money since 2020, federal officials recently…
Read More
Experts Propose Workarounds to Debt Ceiling Impasse
The Trusted Professional
As the prospect of the United States defaulting on its debt obligations looms due to the possible refusal of House…
Read More
FAF to Enhance Online Access to FASB and GASB Standards
Accounting
The Financial Accounting Foundation (FAF) announced that it will provide free, enhanced online access to the complete and…
Read More
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