Featured News
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IRS now accepting VITA, TCE grant applications
The IRS is now accepting grant applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) programs.
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AICPA, NASBA approve new CPA licensure path
The boards of directors of the AICPA and the NASBA recently approved an expansion of accountancy’s model legislation to include an additional path to CPA licensure.
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FASB issues guidance on business combinations
FASB recently published an Accounting Standards Update (ASU) to improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations.
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AICPA weighs in on updated instructions to estate tax form
In a letter to the IRS, the AICPA provided comments regarding the updating of instructions for Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent.
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Survey: Tax leaders prioritize transparency, digitalization
A new survey found that transparency and digitalization continue to be key priorities for tax leaders around the world.
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Handling financial stress in volatile times
A new AICPA survey finds that money-related stress is at the top of most Americans' minds, with more than 70% of respondents feeling either cautious or uncertain about their financial situation.
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US graduate schools see rise in accounting program applications
A historic percentage of graduate accounting programs in the United States reported a rise in student applications last year.
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FASB proposes guidance on accounting for debt exchanges
FASB is seeking feedback through Friday, May 30, on its proposed accounting guidance for debt exchange transactions involving multiple creditors.
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AICPA comments on new transfer-pricing regulations
The AICPA submitted comments to the IRS regarding proposed regulations that will incorporate the OECD's Simplified and Streamlined Approach (SSA) as a new transfer-pricing method.
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Survey: Perceptions of accounting brighten among students
A new survey from the Center for Audit Quality (CAQ) found that perceptions held by high school and early college students about accounting are trending in a positive direction.