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Emma Slack-Jorgensen
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House Passes Several Bills to Aid Taxpayers, Increasing Transparency Into the Payment Process
Taxation
The U.S. House of Representatives has passed bipartisan bill H.R. 998, known as the Internal Revenue Service Math and…
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PCAOB Reports Notable Decline in Audit Deficiency Rates at Major Firms
Accounting
The Public Company Accounting Oversight Board (PCAOB) announced on March 31, that audit quality at the six largest global…
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GASB Seeks Feedback on Financial Stress and Government Dissolution Disclosures
Accounting
The Governmental Accounting Standards Board (GASB) released a Preliminary Views (PV) document on Mar. 19, requesting public…
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IAASB and ISSB Unveil New Tools to Support Global Implementation of Standards
Auditing
The International Auditing and Assurance Standards Board (IAASB) has released a first-time implementation guide for its…
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IRS Touts Financial Crime Wins as Layoffs Undermine Tech Infrastructure
Auditing
The IRS Criminal Investigation unit is ramping up its use of banking data to crack down on tax and financial fraud,…
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Regulatory Roundup: March 25-31
The Trusted Professional
AICPA AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS…
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SEC Ends Defense of Climate Disclosure Rules
The Trusted Professional
The Securities and Exchange Commission (SEC) on Mar. 27 voted to stop its defense of the rules that require climate-related…
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IRS Adds Key FAQs as ERC Filing Deadline Nears
Accounting
With the April 15 deadline looming for 2021 Employee Retention Credit (ERC) claims, the IRS has issued five new FAQs to…
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TIGTA Report: IRS Underreported Costs of Direct File Pilot
Auditing
The IRS’s Direct File pilot, launched in 2024 to offer free online filing for eligible taxpayers, came with a lower error…
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