Featured News
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AICPA launches new webpage to help navigate government shutdown
To help tax practitioners navigate the ongoing government shutdown, the AICPA launched a new webpage to provide timely updates and resources related to the filing season.
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Poll: 75% of Americans want financial education in schools
More than three-fourths (75%) of Americans in a new poll said they think mathematics and economics/personal finance should be part of the core curriculum in education.
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PCAOB publishes guidance related to audit evidence amendments
The PCAOB released new guidance featuring illustrative examples to help audit firms implement AS 1105, Audit Evidence.
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AICPA calls for fully staffed IRS regardless of shutdown length
The AICPA is urging the IRS to keep all employees on the job even during a government shutdown that extends beyond the five working days covered in the agency’s contingency plan.
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IRS Appeals Office rolls out post-appeals mediation pilot program
The IRS Independent Office of Appeals recently announced its launch of a two-year pilot program to increase awareness of post-appeals mediation.
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IRS withdraws proposed guidance on corporate spinoff transactions
The IRS has withdrawn its proposed regulations affecting corporate spinoff transactions in response to comments that criticized the proposed guidance.
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FASB refines derivative accounting guidance
FASB recently issued an Accounting Standards Update that aims to address stakeholder concerns about the application of derivative accounting.
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IRS trims PTIN fee as renewal season approaches
The IRS on Monday, Sept. 29, issued interim final regulations and proposed regulations that reduce the fee to apply for or renew a PTIN to $10 from $11.
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Data report: US consumer spending continues to rise
U.S. personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation.
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IRS releases government shutdown contingency plan
The IRS released its 2026 Lapsed Appropriations Contingency Plan in the event of a government shutdown.