Featured News
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FASB releases GAAP Taxonomy reports
FASB has released its annual GAAP Taxonomy, which includes the 2023 GAAP Financial Reporting Taxonomy and the 2023 SEC Reporting Taxonomy.
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Bad data stymies 35% of senior executives, survey finds
Thirty-five percent of senior executives identify unreliable data as their biggest challenge as they try to gauge company performance in meeting ESG best practices, a new survey finds.
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Auto-extension provided for furnishing health coverage statements
Final regulations provide an automatic extension of time for providers of minimum essential coverage to furnish statements to individuals regarding their health coverage.
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FASB forges ahead on crypto disclosure requirements
The FASB is moving ahead with its ongoing project to establish new accounting standards for disclosing cryptocurrency in businesses’ financial reports.
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DOR releases November 2022 economic forecast update
The Wisconsin Department of Revenue’s (DOR’s) latest economic forecast update indicates a mild recession from the last quarter of 2022 to the first half of 2023.
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Fed raises interest rates half a point
The Fed on Wednesday, Dec. 14, raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over.
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Fed data show inflation slowdown
New data show that the Fed is making progress in its fight against inflation and may pause its policy tightening early next year.
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IRS to list syndicated conservation easements as transactions
The IRS proposed regulations identifying certain conservation easement syndicate transactions as listed transactions to avoid confusion and prevent disruption.
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IRS seeking VITA, TCE volunteers for 2023
The IRS is looking for volunteers to train for the upcoming 2023 filing season to provide free tax help in communities across the U.S.
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PCAOB analyzes reporting of critical auditing matters
The PCAOB finds that progress is being made related to the reporting of critical audit matters but reminds auditors of the board’s expectations.