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Some Auditors May Reexamine Their Crypto Clients in Wake of FTX Collapse
Auditing
Some auditing firms are reevaluating their work in the wake of the spectacular collapse of FTX, and those reevaluations will…
Read More
Despite More Funding for Enforcement, IRS Faces Shortage of Trained Accountants
Taxation
The IRS will use about $46 billion of the $80 billion appropriated to it by the Inflation Reduction Act for increased…
Read More
House Committee Can Get Trump Tax Returns, Supreme Court Rules
Taxation
After a years-long legal battle, the U.S. House of Representatives will get to review six years of former President Donald…
Read More
SPACs May Be Affected by New 1% Excise Tax
Taxation
Special purpose acquisition companies (SPACs) may soon be subject to a 1 percent excise tax, which may affect how they are…
Read More
PCAOB Proposes New Quality Control Rules for Auditors
Auditing
The Public Companies Accounting Oversight Board (PCAOB) has issued a proposal to update its rules governing auditing…
Read More
IRS Advisory Counsel Releases Its Annual Report
Taxation
The IRS Advisory Council (IRSAC) has issued its 2022 Public Report on new and continuing issues in tax administration. The…
Read More
Former Congressman Sees Potential Areas of Compromise on Tax Policy
Taxation
While a Republican-controlled House of Representatives will probably subvert most of President Joe Biden’s tax agenda,…
Read More
CAQ Survey: Audit Partners Say Cost Management and Talent Retention Are Top Priorities
Auditing
More than half of all audit partners polled by the Center for Audit Quality (CAQ) in its semi-annual Audit Partner Pulse…
Read More
Conference Speaker: NYS Tax Issues over Residency and Telecommuting Persist
Taxation
Speaking at the Foundation for Accounting Education's Tax and Financial Planning for Individuals Conference on Nov.…
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