Supreme Court lets Trump proceed with broad workforce cuts, including IRS
The U.S. Supreme Court let President Trump move ahead with plans to dramatically reduce the size of the federal government.
IAASB revises auditor fraud standard
The International Auditing and Assurance Standards Board has revised its standard on the auditor’s responsibilities relating to fraud.
CFO optimism dropped in Q2
The number of CFOs who say now is a good time to take greater risks plummeted to 33% in the second quarter, down from 60% in Q1, according to a Deloitte survey.
Firms on Windows 10 will get more time before support runs out
The impending end of support for Windows 10 has been delayed, giving accounting firms a little more time to make upgrades before it is officially obsolete.
Wall Street builds ‘no dividend’ fund in new tax dodge
Asset managers are building products that give investors more control over when — and whether — they owe taxes.
S&P sees Trump tax law hurting states, hospitals
The bill is expected to push almost 12 million Americans off their health insurance, creating long-term financial issues for states and health-care providers.
Notre Dame loses protection from endowment tax in GOP bill
A loophole for religious schools was removed from the final tax bill, leaving the Indiana-based school to pay a higher levy on its $20 billion endowment.
IRS obsoletes 83 pieces of old guidance
The Internal Revenue Service has declared 83 pieces of old guidance in the Internal Revenue Bulletin to be obsolete in accordance with Trump executive orders.
Tax Fraud Blotter: No solution
Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.
On the move: Nisivoccia wins President’s Award for advocacy work
New FICPA chair begins tenure; Blue & Co. opens new office in Chattanooga; and more news from across the profession.