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SEC to File Brief in Major Case About Materiality of Audit Reports
Auditing
Do audit reports by outside accounting firms really matter? That’s the discomfiting question posed by The Wall Street…
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PCAOB's Priorities for 2024 Include Increased, Broader Inspections
Auditing
The Public Company Accounting Oversight Board (PCAOB) released a staff report, "Spotlight: Staff Priorities for 2024…
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Senator Asks IRS for Info on Impact of TCJA's Repeal of Deduction for Theft Loss
Taxation
Sen. Robert P. Casey Jr. (D-Pa.), chairman of the Senate’s Special Committee on Aging, is asking for information from the…
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IRS to Waive $1 Billion in Late Payment Penalties for Certain Taxpayers
Taxation
The IRS will waive nearly $1 billion in late-payment penalties for approximately 4.7 million individuals, businesses and…
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IRS Extends Business Tax Accounts to S Corporations and Partnerships
Taxation
Individual partners of partnerships and individual shareholders of S corps are now eligible for a business tax account, the…
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Slower Growth in Advisory Has Led to Partner Layoffs at Three of the Big Four
Trusted Professional
Reduced demand for consulting and transaction services is cutting into profit, and the resulting drop in global revenue, is…
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U.S. Touts Anti-Corruption Efforts in Conjunction with Hosting U.N. Conference
Trusted Professional
Marking two years since the release of the U.S. Strategy on Countering Corruption, the U.S. government continues to crack…
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Regulatory Roundup: December 12-18
Regulatory Roundup
AICPA AICPA Releases Guidance for CPAs to Comply with State Laws If a State Changes its Licensure Requirements Dec 14, 2023…
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FAE Board of Trustees Nominations Due by Feb. 2
The Trusted Professional
NOTICE: The FAE Bylaws were amended as of December 18, 2023. Accordingly, the eligibility requirements below have been…
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