Featured News
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GASB issues guidance on subsequent events
The GASB has issued Statement No. 105, Subsequent Events, which aims to improve the financial reporting requirements for subsequent events.
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IRS seeks input on Voluntary Disclosure Practice proposal
The IRS has opened a 90-day public comment period, ending March 22, 2026, for proposed updates to its Voluntary Disclosure Practice, including a more streamlined penalty framework.
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AICPA proposes changes to independence rules related to private equity
The AICPA's Professional Ethics Executive Committee recently issued an exposure draft proposing revisions to independence rules concerning private equity investments.
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2025 Wisconsin bank CEO survey shows steady economic outlook
Results from the Wisconsin Bankers Association’s biannual CEO survey reflect 79% of respondents rated the state’s current economic health as “good.”
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FASB updates accounting standards for clarity
The FASB has released an Accounting Standards Update aimed at enhancing the codification of 33 different topics, including technical corrections and clarifications.
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Corporate Transparency Act, source of BOI reporting mandate, held constitutional
Reversing a district court, the Eleventh Circuit recently held that the Corporate Transparency Act (CTA), which mandated beneficial ownership information (BOI) reporting, is constitutional.
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2026 FASB taxonomies now available
The FASB has released its 2026 GAAP Financial Reporting Taxonomy (GRT), the 2026 SEC Reporting Taxonomy (SRT) and the 2026 GAAP Employee Benefit Plan Taxonomy (EBPT).
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Report: Wisconsinites experience fraud losses of $107M
According to the Federal Trade Commission, Wisconsin consumers and businesses have lost more than $107 million to fraud this year.
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Wisconsin DECA seeks judges for 2026 state conference
The Wisconsin DECA is now accepting volunteers to help judge students at the State Career Development Conference on Monday, Feb. 23, and/or Tuesday, Feb. 24, in Lake Geneva.
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New report outlines audit transformation road map
A CPA.com and AICPA survey of more than 50 firms revealed five key themes for audit transformation, along with a step-by-step approach for a smooth rebuild.