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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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Democrats Propose Bill to Eliminate Federal Income Taxes for Some Workers
Accounting
Democrats in the Senate and House have introduced the Working Americans’ Tax Cut Act. The Wall Street…
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IRS Updates Filing Process for 501(c)(4) Organizations
Accounting
The IRS has updated the process for applying for 501(c)(4) tax-exempt status. Beginning March 9, 2026, organizations will…
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New Survey Finds Growing Resource Constraints for Internal Audit Teams
Accounting
Internal audit teams in North America are facing tighter budgets and smaller teams, according to the 2026 North American…
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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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IASB Moves to Finalize IFRS 20 for Rate-Regulated Companies
Accounting
The International Accounting Standards Board (IASB) is preparing to finalize a new accounting standard aimed at making…
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West Virginia and Nebraska Adopt New CPA Licensure Pathways
Accounting
West Virginia and Nebraska have introduced new paths to becoming a licensed CPA, according to Accounting Today. These…
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SEC and PCAOB Enforcement Actions Drop Sharply in 2025
Accounting
In 2025, both the US Securities and Exchange Commission and the Public Company Accounting Oversight Board took far fewer…
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Democrats Introduce Bill to Reinstate IRS Direct File Program
Accounting
Senate and House Democrats are working to restore the IRS’s Direct File program, which ended last fall under the Trump…
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