AICPA unveils Profession Ready Initiative
The American Institute of CPAs introduced a new program to identify and develop the skills needed by early-career CPAs to succeed in an AI-driven market.
SEC names new PCAOB chair, board members
The SEC named Demetrios “Jim” Logothetis as chairman of the PCAOB, and Mark Calabria, Kyle Hauptman and Steven Laughton as board members.
FASB to tackle market-return cash balance plans
The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance plans.
Senate Dems want info on IRS sharing taxpayer data with ICE
Lawmakers are demanding answers about the sharing of taxpayer information with the Department of Homeland Security and Immigration and Customs Enforcement.
Should public companies report twice a year?
The pros and cons of Trump’s pitch to move from quarterly financial reporting to semiannual are not as clear-cut as either side thinks.
Tech news: RSM opens PartnerSight platform to direct licensing
Plus, Melio unveils “Agent Mel” AI; Rillet announces continuous close, Brex integration, auto-booking for journal entries; and other accounting tech news and updates.
White House looks at eliminating state income taxes
The White House Council of Economic Advisers released a research study analyzing the economic impact of state income tax elimination.
AICPA wants all IRS staff working during shutdown
The American Institute of CPAs is asking for a contingency plan that keeps 100% of IRS employees on the job in case of a shutdown during tax season.
AI fakery turbo-charging fraud, cyber attacks
AI-guided impersonation attacks have become both more numerous and more sophisticated as the technology improves, and will likely not abate anytime soon.
IPSASB releases climate disclosure standard
The International Public Sector Accounting Standards Board released a standard to help entities consistently report climate-related risks and opportunities.