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Emma Slack-Jorgensen
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GAO Report Notes IRS Lag in Addressing Tax Gap
Auditing
A new Government Accountability Office (GAO) report has faulted the IRS for not implementing certain recommendations for…
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Some Auditors May Reexamine Their Crypto Clients in Wake of FTX Collapse
Auditing
Some auditing firms are reevaluating their work in the wake of the spectacular collapse of FTX, and those reevaluations will…
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Regulatory Roundup - November 15-28
Regulatory Roundup
CBO Cost EstimateH.R. 8610, Health Security and Countering Weapons of Mass Destruction ActNovember 22, 2022As ordered…
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Despite More Funding for Enforcement, IRS Faces Shortage of Trained Accountants
Taxation
The IRS will use about $46 billion of the $80 billion appropriated to it by the Inflation Reduction Act for increased…
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House Committee Can Get Trump Tax Returns, Supreme Court Rules
Taxation
After a years-long legal battle, the U.S. House of Representatives will get to review six years of former President Donald…
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SPACs May Be Affected by New 1% Excise Tax
Taxation
Special purpose acquisition companies (SPACs) may soon be subject to a 1 percent excise tax, which may affect how they are…
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Nonprofits Awarded NYS Cannabis Dispensary Licenses Include Three Based in NYC
The Trusted Professional
New York state announced its first batch of licenses for retail dispensaries of recreational cannabis on Nov. 21, and the…
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With Funding Increase, IRS Likely to Focus on Tax Evaders
Taxation
The IRS, under incoming Commissioner David Werfel, will devote more than half of its $80 billion allocation under the…
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PCAOB Proposes New Quality Control Rules for Auditors
Auditing
The Public Companies Accounting Oversight Board (PCAOB) has issued a proposal to update its rules governing auditing…
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