PCAOB sees improvements in largest audit firms
The Public Company Accounting Oversight Board’s inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.
GASB mulls disclosures on financial stress, probable dissolution
The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.
AICPA clarification marks ‘sea change’ for CAS
The institute’s Accounting and Review Services Committee clarified a standard on financial statement prep that has major ramifications for CAS practices.
IRS leverages banking data for criminal investigations
The Internal Revenue Service’s Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.
Tax departments can avoid mistakes ahead of the TCJA sunset
As the expiration of key Tax Cuts and Jobs Act provisions looms, tax professionals are preparing for what could be another period of upheaval.
SEC stops defending climate disclosure rule
The Securities and Exchange Commission voted to end its defense of the climate-related disclosure rule it approved last year under the Biden administration.
On the move: Weaver hires energy compliance director
FASB appoints new members to Public Markets Advisory Committee; WilliamsMarston launches podcast; and more news from across the profession.
Aprio to acquire RSM’s professional services practice
The PS+ practice serves nearly 80 firms across the U.S. and Canada.
Tax Fraud Blotter: Needing relief
Nothing but the tooth; an offer she can’t refuse; patterns of filing; and other highlights of recent tax cases.
Democrat bill aims to limit use of IRS agents for immigration
Suzan DelBene, D-Washington, and Terri Sewell, D-Alabama, introduced legislation to prevent Trump from reassigning IRS investigators to immigration enforcement.