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Federal Reserve May Be Preparing to Lower Interest Rates
Trusted Professional
With inflation cooling, the Federal Reserve Board may start preparing to make its first rate cut in four years, The…
Read More
New AICPA- and NASBA-Sponsored CPA Licensure Program Continues to Grow
College Students
The Experience, Learn and Earn (ELE) program, designed to offer an affordable way for CPA candidates to obtain their final…
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TIGTA: 95% of IRS Employees and Contractors Were Tax Compliant; Others Had Conduct and Performance Issues
Taxation
While the overwhelming majority of IRS and contractor employees were tax compliant, tax delinquencies or prior conduct and…
Read More
IRS Issues Five New Warning Signs of Incorrect Employee Retention Credit Claims
Taxation
The IRS has added five new items to its list of warning signs of incorrect employment retention credit (ERC) claims. The new…
Read More
PCAOB Annual Report Finds High Deficiency Rates in Audits of Brokers and Dealers
Auditing
In its recently released Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers, the …
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Regulatory Roundup: July 23-29
Regulatory Roundup
CBO ReportExpired and Expiring Authorizations of Appropriations for Fiscal Year 2024July 25, 2024CBO reports annually on…
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Survey: Tax Professionals Mostly Optimistic About Generative AI But in No Rush to Adopt It
The Trusted Professional
A new survey conducted by Thomson Reuters found that tax and accounting firm professionals generally believe that…
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FASB Proposes Derivatives Scope Refinements and Scope Clarification to Share-Based Payment
Accounting
The Financial Accounting Standards Board (FASB) has proposed an accounting standards update (ASU) focusing on two matters.…
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IRS Highlights Key Milestones, Such As Expanding Taxpayer Services and Online Tools
Taxation
The Treasury Department and the IRS announced that the IRS has used funding provided by the Inflation Reduction Act to…
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