Featured News
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FASAB seeks to enhance note disclosures
The FASAB is accepting public comments on an exposure draft aimed at making note disclosures an “integral part” of financial statements.
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Interest rates to increase for Q4 2023
On Friday, Aug. 25, the IRS said interest rates will go up for the fourth quarter of 2023, which begins on Sunday, Oct. 1.
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AICPA asks for guidance on energy tax credit provisions
The AICPA has submitted comments to the Treasury and the IRS requesting guidance to taxpayers pertaining to energy tax credit provisions.
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Survey: Recession, hiring concerns ease among execs
A new survey of 607 U.S. executives has found that only 17% of executives now anticipate a recession, while 74% believe they can attract and retain the talent they need.
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FASB addresses financials of newly formed joint ventures
FASB has issued an accounting standards update (ASU) focused on bringing consistency to financial statements of newly formed joint ventures.
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Improving workpaper processes to unlock new opportunities
Improving workpaper tools and processes may help to alleviate the most urgent workflow challenges tax professionals face, a new survey finds.
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FASB details its investor outreach efforts
FASB engaged in more than 435 investor interactions in the last year, and the feedback collected is helping fuel several high-priority projects.
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Balancing AI and human intelligence in accounting
Now is a good time for leaders to carve out unique roles for both AI and accountants, helping to create a future that’s good for business and job satisfaction.
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Fed officials appear open to further interest rate hikes
Federal Reserve officials expressed concern at their July meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change.
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Survey: Employers consider enhancing retirement plans
To attract and retain talent, U.S. employers are making enhancements to their nonqualified retirement plans, a new survey finds.