Featured News
-
AICPA rejects cyberattack speculation
The AICPA recently rejected reports that it was the victim of a cyberattack after threat actors bragged online they compromised an AICPA database.
-
IRS sets Jan. 23 as official start to filing season
The IRS will begin accepting and processing 2022 tax returns on Monday, Jan. 23, the revenue service announced on Thursday, Jan. 12.
-
IRS in better shape now than in 2022, report says
In her annual report to Congress, National Taxpayer Advocate Erin Collins said the IRS is in much better shape than it was a year ago.
-
PEEC updates code for compliance audits
The AICPA Professional Ethics Executive Committee (PEEC) approved updates to the AICPA Code of Professional Conduct, including two new definitions and one revised definition.
-
IRS refunds $14.8B for unemployment compensation exclusion
After completing its final corrections to 2020 tax returns, the IRS issued 12 million refunds to those who overpaid their taxes on unemployment compensation they received in 2020.
-
PCAOB proposes updated rules for auditing confirmations
A new PCAOB proposal would replace an interim standard for auditing confirmations that has not changed substantially since 2003.
-
IRS audits dropped slightly in 2022
The IRS audited fewer taxpayers in fiscal 2022, according to a new report from Syracuse University's Transactional Records Access Clearinghouse.
-
2024 CPA Exam Blueprints released
The updated 2024 CPA Exam Blueprints introduce a different format that will create flexibility and enable rising accountants to demonstrate their strengths and interests.
-
Business leaders optimistic for 2023, survey finds
Despite the impacts of inflation and ongoing staffing struggles, small and mid-market business owners remain optimistic for a successful 2023, a new survey finds.
-
IRS updates guidance on R&D expensing
The IRS and Treasury have released updated guidance on accounting method changes for research and development (R&D) expenditures.