Featured News
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FASB proposes greater clarity in interim reporting
The FASB is accepting public comments through March 31 on a proposed accounting standards update (ASU) aimed at clarifying interim reporting disclosures.
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PCAOB launches 'Audit Focus' series for small company auditors
The PCAOB’s new “Audit Focus” guidance series aims to support auditors by providing targeted insights on handling critical audit matters (CAMs).
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Report: 1M ERC claims could go unprocessed by year-end
Erin Collins of the Taxpayer Advocate Service said this week that the IRS could have about 1 million employee retention credit (ERC) claims remaining to process by the end of the year.
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AICPA to Congress: Delay needed in BOI reporting deadline
The AICPA recently called on Congress to delay the deadline for beneficial ownership information (BOI) reporting, citing concerns over the impact on small businesses.
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PCAOB urges audit firms to improve remediation process
The PCAOB has released a supplement to its 2013 staff guidance on the remediation process for audit firms.
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Helping clients navigate caretaking finances
CPA financial planners can help clients and their families prepare for the financial challenges of caregiving for a loved one.
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IRS financial report highlights 2024 achievements
The IRS released its fiscal year 2024 Financial Report this week, highlighting significant achievements and ongoing challenges.
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Fed cuts interest rates by a quarter point
The Federal Reserve approved its second consecutive interest rate cut this week, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy.
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AICPA updates peer review standards
The AICPA Peer Review Board recently approved an update to peer review standards aimed at aligning them with new quality management standards.
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IRS unveils new property sale rules
The IRS recently announced its final rules aimed at enhancing the sale of properties seized by levy.