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Emma Slack-Jorgensen
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PCAOB Releases New Staff Guidance Supplement About the Remediation Process
Accounting
On Oct. 31, the Public Company Accounting Oversight Board (PCAOB) released a supplement to its Staff Guidance Concerning the…
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FASB Seeks Comments on Proposal to Clarify Business Combination Guidance
Accounting
On Oct. 31, the Financial Accounting Standards Board (FASB) issued a proposed accounting standards update (ASU), a release…
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IRS Puts an End to Automatic Penalties Related to Foreign Gifts
Taxation
According to financial consulting firm RSM, on Oct. 24, while speaking at the UCLA Tax Controversy Conference, IRS…
Read More
FASB Solicits Comments on Improvements to Software Guidance
The Trusted Professional
The Financial Accounting Standards Board (FASB) on Oct. 29 published a proposed Accounting Standards Update (ASU) to update…
Read More
AI Can Be a Security Risk to CPA Practices Despite Its Benefits
The Trusted Professional
CPAs manage a significant amount of valuable data for themselves and their clients, such as tax ID numbers, social security…
Read More
Survey Indicates Accountants Mostly Leaning Republican as Election Day Nears
Accounting
As the 2024 U.S. presidential election nears its endgame, the accounting profession seems to be significantly leaning toward…
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Regulatory Roundup: October 22-28
Regulatory Roundup
AICPACIMA urges UK Government to prioritize economic growth, productivity, and policy certainty for business in Autumn Budget…
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Williams Sworn in for Second Term as PCAOB Chair
Accounting
Public Company Accounting Oversight Board (PCAOB) Chair Erica Y. Williams was sworn in at the Securities and Exchange…
Read More
AICPA Calls for Guidance for Cannabis Businesses Before Rescheduling by DOJ
Accounting
On Oct. 21, the AICPA submitted a letter to the Treasury and IRS asking for guidance for cannabis businesses in anticipation…
Read More
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