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Emma Slack-Jorgensen
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FASB Clarifies Guidance for Identifying the Acquirers in Business Combinations
The Trusted Professional
On May 12, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) that refines the…
Read More
New York Lawmakers Finally Pass $254 Billion State Budget
The Trusted Professional
On the evening of May 8, lawmakers from the New York State Assembly and Senate finally passed the state's fiscal year…
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PCAOB Releases More Staff Videos to Guide Firms on QC 1000's Implementation
Accounting
On May 9, the PCAOB posted a new set of staff presentation videos created to assist firms in implementing four areas of…
Read More
Regulatory Roundup: May 6-12
Regulatory Roundup
AICPA AICPA Announces Retirement of Carl Peterson, Longtime Advocate for Small CPA FirmsMay 08, 2025 Nearly Three-Quarters of…
Read More
IRS and Federal Government to End Paper Check Payments by Sept. 30
Auditing
According to a new executive order signed by President Donald Trump, the IRS and all federal agencies will stop issuing and…
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Revenue Agents Lead Wave of IRS Job Losses Amid Ongoing Workforce Cuts
Accounting
The IRS is undergoing significant workforce reductions, with revenue agents making up the largest share of recent job…
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TIGTA: IRS Should Increase Sweeps to Clampdown on Rich Nonfilers
The Trusted Professional
An April 28 report by the Treasury Inspector General for Tax Administration (TIGTA) said the IRS should continue its sweeps…
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AICPA Calls for Clearer Instructions on Estate Tax Form 8971
Accounting
CPA Practice Advisor reports that the AICPA)has submitted a letter to the IRS recommending updates to the instructions for…
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Enron Is Nothing Compared to What's at Stake Now, PCAOB Chair Says
Auditing
With a proposal to end PCAOB currently being mulled in the House of Representatives, the board's Chair Erica Williams is on…
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