Featured News
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FAF forum to strengthen oversight of FASB, GASB
The Financial Accounting Foundation (FAF), which oversees FASB and GASB, is making it easier for people to raise concerns about the standard-setters not following due process.
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Growing your firm with intention
The fast-moving nature of the accounting profession makes it even more critical for firms to step back and consider their priorities.
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US economy grew at weak 1.1% rate in Q1 2023
U.S. economic growth slowed more than expected in Q1 2023, despite an increase in consumer spending, and activity is set to moderate further as the effects of higher interest rates spread.
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ChatGPT loses to accounting students in new study
While ChatGPT still has work to do in the realm of accounting, the popular chatbot is a game-changer for teaching and learning, academics say.
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IRS seeks nominations for 2024 advisory council
The IRS is accepting applications now through May 31 for the 2024 Internal Revenue Service Advisory Council (IRSAC).
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New PCAOB report reviews SPAC-related audits
A new PCAOB staff report analyzes audits of special-purpose acquisition companies (SPACs), an area in which its inspectors have observed relatively high rates of audit deficiencies.
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FAQ explains changes to COVID-19 coverage, payment requirements
The IRS and other federal departments issued a FAQ webpage to explain changes to COVID-19 coverage and payment requirements after the public health emergency ends.
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Registration still open for WICPA’s 2023 Bowling Night
The WICPA’s annual Bowling Night returns on Thursday, April 27. Register now to join the fun.
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IRS says phone wait time has dropped
The IRS said the funding boost from last year’s Inflation Reduction Act enabled it to improve taxpayer service for the 2023 tax season.
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Using new talent deployment strategies to grow your firm
To achieve their ambitious goals for 2023, accounting firm leaders will need to deploy the right people and resources.