Featured News
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IRS reminder: Be wary of fraudsters during the holiday season
The IRS is warning taxpayers and tax professionals to take extra steps to protect their financial and tax information during the holidays.
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FAF publishes new strategic plan
The Financial Accounting Foundation (FAF) released its new strategic plan, which outlines the strategic goals the organization will address over the next several years.
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New AICPA program seeks to ease talent shortage
The AICPA and Department of Labor recently announced the signing of three large financial companies to the Registered Apprenticeship for Finance Business Partners Program.
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PCAOB proposes new quality control standards
The PCAOB has proposed new standards for quality control systems and opened the document for public comment.
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Tax Court imposes limit on capital losses
In a new Tax Court case, a couple tried to deduct a six-figure loss against ordinary income, based on the language in the tax return instructions, to no avail.
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Report: IRS needs to build trust, improve language for taxpayers
A new report from the IRS Advisory Council emphasizes the need for consistent, multiyear funding and the importance of effective communication with taxpayers.
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Financial execs eager to improve cash flow visibility
Improving visibility into company cash flow and gaining tighter control of data is essential for financial leaders as they brace for the possibility of a recession, according to a recent study.
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Preparing your firm for Web3, the next stage of tech
The next iteration of the internet, commonly called Web3, may bridge the gap between the real and virtual worlds, further enhancing the ways we work and conduct business.
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FASAB seeks input on annual report, 3-year plan
The Federal Accounting Standards Advisory Board (FASAB) is seeking comments on its 2022 report and three-year plan.
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GASB proposes new implementation guidance
GASB proposed new guidance on Tuesday, Nov. 15, that seeks to clarify, explain or elaborate on certain pronouncements.