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PCAOB Staff Report Finds Widespread Flaws in Engagement Quality Reviews
Auditing
A new Public Company Accounting Oversight Board (PCAOB) staff report discloses that 42 percent of the firms that the PCAOB…
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TIGTA: Most of IRS’s Initial Inflation Reduction Act Spending Went to Taxpayer Services
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has issued a report finding that the majority of the IRS's…
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Survey: Auditors Worry Most About Cybersecurity Risks, But AI Is Growing Concern
Auditing
A recent survey has found that 75 percent of technology audit leaders and professionals consider cybersecurity to be a…
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SEC Adopts Beneficial Ownership Rule, Shortening 13D-G Filing Period from 10 to 5 Days
The Trusted Professional
The Securities and Exchange Commission (SEC) has adopted rule amendments governing beneficial ownership reporting under…
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IRS Offers Guidance on Transferring Clean Vehicle Credits
Taxation
The IRS recently announced that it has issued proposed regulations, Revenue Procedure 2023-33 and FAQs for the…
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Claudia Goldin Wins Nobel Economics Prize for Research on Women in Labor Force
The Trusted Professional
Editing1088, Creative Commons License Claudia Goldin was awarded the 2023 Nobel Prize in economics for her work creating…
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IRS Warns of Improper Art Donation Deduction Promotions
Taxation
The IRS has been seeing a rise in fraudulent schemes involving tax deductions for donated art and has issued a warning to…
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Office of Cannabis Management Opens Window for New License Applications
Trusted Professional
New York state’s Office of Cannabis Management opened a 60-day application window for cultivation, processing,…
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IRS to Reduce PTIN Fees
Taxation
In response to a federal court decision, the IRS is reducing the cost of an annual Preparer Tax Identification Number…
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