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PCAOB Makes Plans to Update Several Older Standards
The Trusted Professional
The Public Company Accounting Oversight Board (PCAOB) is finally moving toward updating some older auditing standards, a…
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Despite Assurances About Limited Use of New IRS Funding, Concerns Over Audits Persist
Taxation
The $80 billion in additional funding allotted to the IRS by the Inflation Reduction Act was intended to provide better…
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Bloomberg Tax Projects Inflation-Adjusted Tax Increases
The Trusted Professional
Bloomberg Tax has released its projections of the IRS's inflation-adjusted tax rates for the coming tax season. Accounting…
Read More
IRS Backlog in Processing Net Operating Loss Claims Cost $42 Million in Interest
The Trusted Professional
According to a report issued by the Treasury Inspector General for Tax Administration (TIGTA), the IRS, because of a…
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Fed Reducing Its Role in the Bond Market
The Trusted Professional
The Federal Reserve is exiting from the bond market, and traders are nervous, The New York Times reported. Already spooked…
Read More
SEC to Add Offices to Regulate Crypto Assets and Industrial Applications
The Trusted Professional
The Securities and Exchange Commission (SEC) will add two new offices: one devoted to crypto assets and another devoted to…
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Powell Remains Steadfast in Inflation Fight
The Trusted Professional
At a conference on Wednesday, Federal Reserve Board Chair Jerome H. Powell continued to affirm his resolve to raise interest…
Read More
EY Outlines Plans to Split Auditing and Consulting Businesses
Trusted Professional
In what The Wall Street Journal is calling “the biggest shake-up in the accounting profession in more than 20 years,”…
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CFOs' Deputies Faring Well in Current Job Market
The Trusted Professional
Being No. 2 is not so bad these days if you work in a finance department, The Wall Street Journal reported. Those…
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