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Emma Slack-Jorgensen
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AICPA Requests Feedback Due Dec. 20 on Preparing Financial Statements
Accounting
The AICPA is looking to amend the association's standard related to financial statement preparation, the CPA Practice…
Read More
IRS Releases 2024-2025 Special Per Diem Rates for Business Travel
Taxation
On Sept. 20, the IRS released Notice 2024-68, which sets the 2024-2025 special per diem rates for taxpayers to…
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IASB Announces Public Consultation on Improvements to the Equity Method
Accounting
On Sept. 19, the International Accounting Standards Board (IASB) announced a public consultation on proposed amendments to…
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FinCEN Issues Toolkit for Beneficial Ownership Reporting Outreach
Accounting
On Sept. 19, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a toolkit to help small…
Read More
Regulatory Roundup: September 17-23
Regulatory Roundup
CBO Cost EstimateH.R. 6235, Harmful Algal Bloom and Hypoxia Research and Control Amendments Act of 2023September 20,…
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GAO Recommends IRS Better Prepare for Implementation of 1099-K and 1099-DA Reporting Requirements
Taxation
The Government Accountability Office (GAO) released a report on Sept. 19 recommending that the IRS better prepare to…
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IRS Warns Against Unscrupulous 'Mills' Advancing False Claims of Guaranteed Tax Settlements
Taxation
The IRS has once again warned taxpayers to watch out for nefarious promoters that claim their services are needed to resolve…
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For the First Time in Four Years, Fed Cuts Interest Rates by Half Point
The Trusted Professional
On Sept 18, for the first time in four years and since the beginning of the COVID-19 pandemic, the Federal Reserve cut its…
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PCAOB Releases Staff Report on Auditor Independence, Offering Good Practices for Firms
Auditing
A staff report released by the Public Company Accounting Oversight Board (PCAOB) on Sept. 16 puts the spotlight on recent…
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