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Emma Slack-Jorgensen
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Tax Interest Rates Set to Dip in the First Quarter of 2025
Taxation
On Nov. 18, the IRS announced that interest rates will decrease for the calendar quarter starting Jan. 1, 2025. For…
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After Trump's Win, Accounting Professionals Are in a 'Wait-and-See' Mode on IRS' Future
The Trusted Professional
IRS funding has long been a point of contention for the Republican party, proven by the clawback of $20 billion from the $80…
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Regulatory Roundup: November 12-18
Regulatory Roundup
AICPA The AICPA & CIMA Recognized as an Apprenticeship Ambassador by the U.S. Department of Labor November 18, 2024AICPA…
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PCAOB Amends Rule on Registration of Inactive or Non-Existent Audit Firms
Accounting
The Public Company Accounting Oversight Board (PCAOB), on Nov. 14, adopted a rule amendment enabling it to respond to…
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FASB Solicits Comments on Financial Key Performance Indicators
Accounting
On Nov. 14. The Financial Accounting Standards Board (FASB) released an Invitation to Comment (ITC) to solicit feedback on…
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PCAOB Releases the First Edition of Its ‘Audit Focus’ Series Focusing on CAMs
Auditing
On Nov. 13, the Public Company Accounting Oversight Board (PCAOB) introduced its new series of staff guidance titled,…
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AICPA Writes to Congress About Delaying BOI Reporting for at Least a Year
Accounting
As the filing deadline draws closer, the AICPA has grave concerns about the current Financial Crimes Enforcement Network…
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FASB Solicits Input on Proposal to Improve Interim Reporting Guidance
Auditing
The Financial Accounting Standards Board (FASB) on Nov. 13 released a proposed Accounting Standards Update (ASU) that…
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PCAOB Issues Guidance on Auditor Responsibilities to Detect and Report Illegal Acts
Auditing
According to Accounting Today, the Public Company Accounting Oversight Board (PCAOB ) issued a new publication on Nov. 12…
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