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IIA Pushes to Modernize SOX with Greater Role for Internal Audit
Accounting
The Institute of Internal Auditors (IIA) is urging Congress to revisit the Sarbanes-Oxley Act of 2002, suggesting that…
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Tax Scams Intensify as AI Fuels More Sophisticated Fraud Attempts
Accounting
Tax season has brought a new round of scams targeting taxpayers, with federal agencies and consumer advocates saying that…
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Treasury Secretary Drops Acting IRS Commissioner Title but Retains Duties
Accounting
Treasury Secretary Scott Bessent is no longer serving as acting commissioner of the IRS, but he will continue to handle…
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PCAOB Launches New Audit Practitioner Fellowship
Accounting
The PCAOB has started a new program that brings practicing auditors into its regulatory work. Through the Audit Practitioner…
Read More
Bipartisan IRS Reform Bill Seen as Step Toward Modernization
Accounting
A new bipartisan plan to improve IRS procedures and taxpayer services has received some support from policy experts, but…
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CPA Executives Report Rising Economic Optimism in Q1 Survey
Accounting
CPAs in executive roles are entering 2026 with a brighter outlook on both the economy and their own companies, based on the…
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Bipartisan Senate Bill Seeks Broad IRS Modernization
Accounting
Senate Finance Committee leaders from both parties have introduced the Taxpayer Assistance and Service Act, a 162-page draft…
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Executive Order 14370 and the Path to Schedule III: Renata Serban on What Changes and What Doesn’t
Accounting
On Dec. 18, 2025, President Trump signed Executive Order 14370, “Increasing Medical Marijuana and Cannabidiol…
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Treasury, IRS Issue Interim Guidance on Energy Credits and Prohibited Foreign Entities
Accounting
The Treasury Department and the IRS have issued Notice 2026-15, providing interim guidance on how taxpayers should determine…
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