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N.Y. Lawmakers Pass Budget Extender as They Negotiate Key Tax Proposals, Among Other Issues
Taxation
On April 1, N.Y. lawmakers passed an extender funding bill as they continue negotiations on Gov. Kathy Hochul’s $252…
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House Passes Several Bills to Aid Taxpayers, Increasing Transparency Into the Payment Process
Taxation
The U.S. House of Representatives has passed bipartisan bill H.R. 998, known as the Internal Revenue Service Math and…
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Regulatory Roundup: March 25-31
The Trusted Professional
AICPA AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS…
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SEC Ends Defense of Climate Disclosure Rules
The Trusted Professional
The Securities and Exchange Commission (SEC) on Mar. 27 voted to stop its defense of the rules that require climate-related…
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AICPA, CalCPA Issue Comment Letter on California's Climate Disclosure Legislation
Accounting
On March 21, the AICPA and the California Society of CPAs (CalCPA) issued a joint comment letter to the California Air…
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New York Senate Introduces Bill Creating Additional Pathway to CPA Licensure
The Trusted Professional
On Mar. 26, a bill was introduced in the New York State Senate to create an additional path to CPA licensure that would…
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GASB Releases Study on GAAP Utilization in U.S. State and Local Governments
Accounting
On Mar. 24, the Governmental Accounting Standards Board's (GASB) released a study of the usage of Generally Accepted…
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Big Four Now Using Agentic AI to Boost Staff Productivity
Accounting
The Big Four firms are now integrating a new category of artificial intelligence (AI) into their businesses, according to…
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Regulatory Roundup: March 18-24
Regulatory Roundup
AICPA New generation of Sri Lankan accounting and finance professionals receive their Chartered Global Management Accountant…
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