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COVID-19 Guidance for High-Deductible Health Plans Rescinded
Trusted Professional
In response to the end of the COVID-19 public health emergency, the U.S. Department of the Treasury and the IRS have issued…
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GASB Chair Lays Out Ambitious Agenda
Trusted Professional
The Governmental Accounting Standards Board (GASB) has numerous items on its agenda, which Chair Joel Black discussed with…
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National Taxpayer Advocate: Taxpayer Experience 'Vastly Improved' in 2023
Trusted Professional
The IRS improved its performance during this year's tax season, National Taxpayer Advocate Erin Collins said in her midyear…
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PCAOB Spotlight Suggests Questions for Audit Committee Members to Consider
Auditing
The Public Company Accounting Oversight Board (PCAOB)’s June Spotlight on Audit Committee Resource raises questions for…
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Democrats Introduce Bill to Expand Child Tax Credit to Include $2K for Newborns
Taxation
Democratic members of the U.S. House of Representatives, who have been trying to revive a child tax credit (CTC) that…
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Report: Accountants Must Actively Pursue Sustainability and Social Justice Goals
Accounting
Accountants must be at the forefront of achieving sustainability and social equity, a report from the Association of…
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AI-Based Apps on Apple Store Share Varying Amounts of Data with Third Parties
Trusted Professional
The popularity and proliferation of artificial intelligence (AI)-based apps have caused concerns in a short time and now…
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Study: IRS Audits of High Earners Yield More Than $12 in Revenue for Every $1 Spent
Auditing
IRS tax audits provide numerous positive benefits, a new academic paper found, Fast Company reported. The paper, A Welfare…
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Regulatory Roundup: June 13-20
Regulatory Roundup
AICPA ENGAGE awards winners announcedJune 14, 2023 CBO Cost Estimate Estimated Direct Spending and Revenue Effects of Rules…
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