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Emma Slack-Jorgensen
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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,…
Read More
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…
Read More
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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IASB Starts Project to Review Statement of Cash Flows
Accounting
The International Accounting Standards Board (IASB) announced in a Sept. 16 release the beginning of a research project with…
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IRS, Treasury Issue Final Regulations on the Consistent Basis Requirement for Property Acquired from a Decedent
Taxation
The IRS has finalized the regulations that offer guidance on the statutory requirement that a recipient’s basis in…
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Survey: CFOs' Priorities Have Shifted in Past Year, With Security and Privacy of Data Rising to the Top
The Trusted Professional
The top finance priorities for CFOs and other finance leaders in the coming year, revealed in Proiviti’s 2024 Global…
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SEC Quietly Shuts Down Its ESG Task Force
Accounting
The Securities and Exchange Commission (SEC) has stealthily shut down its Enforcement Division’s Climate and ESG Task…
Read More
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