Featured News
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SEC tightens rules around data breach disclosures
The SEC is focusing on cybersecurity breaches at broker-dealers and registered investment advisers, among other financial institutions, with an update to a 24-year-old rule.
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AICPA approves revisions to attestation engagement rules
The AICPA's Auditing Standards Board has approved revisions to the rules for attestation engagements to align them with the AICPA's quality management standards.
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IRS warns of new tax scams spread by social media
The IRS is cautioning consumers to beware of tax scams and inaccurate advice on social media that prompted thousands of taxpayers to file inflated refund claims during the past tax season.
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IRS reduces fees for PTINs
The IRS published final regulations on Tuesday, May 14, that officially lower the fees for new and renewed preparer tax identification numbers (PTINs).
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PCAOB approves new quality control standards
The PCAOB on Monday, May 13, adopted a pair of foundational auditing standards with ties to AICPA standards.
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WICPA announces 2024 Excellence Awards recipients
The WICPA announced its 2024 Excellence Awards recipients during the annual WICPA Member Recognition & Annual Business Meeting on Thursday, May 9.
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SEC proposal calls for investment advisors to ID customers
A new rule proposal from the SEC would require certain investment advisors to verify the identity of their customers to protect against illicit financial activity.
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US budget deficit shrinks in first 7 months of fiscal year
According to the Treasury Department, the federal budget deficit shrank in the first seven months of the fiscal year.
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IRS increases HSA contribution limits for 2025
Beginning in January, you can contribute more to your health savings account (HSA), based on the IRS's latest inflation adjustments.
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Fed likely to hold rates high before cutting twice in Q4
Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Federal Reserve to keep interest rates high longer than previously expected.