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Consultant: PCAOB's New QC 1000 Represents Paradigm Shift for Audit Firms’ Operations
Auditing
The Public Company Accounting Oversight Board (PCAOB)’s new quality control (QC) standard, QC 1000, represents a radical…
Read More
To Sue or Not to Sue Is the Question for Companies Still Waiting for ERC Payments
Taxation
The IRS's efforts in the past year to clean up its employee retention credit (ERC) program have led some companies waiting…
Read More
IRS Opens ERC Supplemental Claim Process for Third-Party Payers
Taxation
On Sept. 26, the IRS said it is opening a supplemental claim process to assist third-party payers and their clients in…
Read More
Report: California Climate Accounting Legislation Moves Foward Despite Opposition
Accounting
California has become a “de facto” nationwide climate accounting regulator a year after landmark legislation passed…
Read More
Report Looks Into How Accounting Shapes Firms' AI Strategies
Accounting
A report released by the Association of Chartered Certified Accountants (ACCA) on Sept. 25 explores the state of artificial…
Read More
FASB Solicits Feedback on Proposed Hedge Accounting Improvements
Accounting
The Financial Accounting Standards Board (FASB) published a proposed Accounting Standards Update (ASU) on Sept. 25. In a…
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IFRS Foundation Releases Guide for the Voluntary Application of ISSB Standards
Accounting
On Sept. 25, the International Financial Reporting Standards (IFRS) Foundation published a manual titled Voluntarily applying…
Read More
PCAOB Sanctions Five Firms for Violating Audit Committee Reporting Requirements
Auditing
The Public Company Accounting Oversight Board (PCAOB) sanctioned four audit firms for violating the agency's rules and…
Read More
IRS Releases 2024-2025 Special Per Diem Rates for Business Travel
Taxation
On Sept. 20, the IRS released Notice 2024-68, which sets the 2024-2025 special per diem rates for taxpayers to…
Read More
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