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AICPA Letter Asks the SEC to Reject PCAOB Final Rules on Firm and Engagement Metrics
Accounting
The AICPA on Dec. 19 sent a comment letter to the Securities and Exchange Commission (SEC) against the Public Company…
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Bill to Prevent Government Shutdown Did Not Include BOI Reporting Deadline Extension
Accounting
According to the Journal of Accountancy, the bill that was passed on the night of Dec. 20 to prevent a federal government…
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FASB Solicits Comments on Accounting for Intangibles
The Trusted Professional
On Dec. 19, the Financial Accounting Standards Board (FASB) published an Invitation to Comment (ITC) offering…
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Three Major Workplace Trends to Look Out for in 2025
NextGen
With this year coming to a close, Fast Company enumerated three major workplace trends in 2024. It also discussed some of the…
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GAO: Opportunities Exist to Expand Access to IRS' Direct File Service
Taxation
In a December 2024 report, the Government Accountability Office (GAO) said that the opportunities exist to expand access to…
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IRS Increases Standard Mileage Rate for Automobiles Used for Business Next Year
Taxation
The IRS on Dec.19 stated that the optional standard mileage rate for automobiles that are driven for business will…
Read More
SEC Approves PCAOB's 2025 Budget and Accounting Support Fee
Accounting
The Securities and Exchange Commission (SEC) voted on Dec. 18 to approve the Public Company Accounting Oversight Board's…
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A Closer Look at Performance Reviews: What Works and What Doesn't
NextGen
Even though years have passed after many major firms discontinued number-based ratings in performance reviews, the manner…
Read More
FASB Seeks Input on Proposed Updates to Environmental Credits
Accounting
The Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) on Dec. 17. This…
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