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Emma Slack-Jorgensen
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Six Particular Situations Could Prompt an IRS Audit
Taxation
Audits are not personal, the IRS emphasizes. They are random—but there are certain inconsistencies in a tax return that…
Read More
Regulators Step in After News of Silicon Valley, Signature Bank Failures
The Trusted Professional
In the aftermath of the biggest bank failure since the 2008 financial crisis, and the subsequent shuttering of another bank,…
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Regulatory Roundup: March 7-13
Regulatory Roundup
AICPA Some Light Breaks Through Business Executives’ Gloom on U.S. Economy, AICPA & CIMA Survey FindsMarch 8, 2023…
Read More
President’s Proposed Budget Targets Breaks That Favor Wealthy and Companies
Taxation
President Joe Biden’s proposed $6.8 trillion budget for fiscal year 2024 contains an end to tax breaks for private equity…
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IASB Moves Up Timeline for Supply Chain Finance Disclosure Rule
Accounting
The International Accounting Standards Board (IASB) has advanced by a year the effective date of amendments to its standard…
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New York City Has Nearly Recovered from Pandemic-Era Job Losses
NextGen
New York City continues to rebound from the COVID-19 pandemic, as it had almost as many jobs in January as it had at its…
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Senate Confirms Werfel as IRS Commissioner
Taxation
The U.S. Senate has confirmed Daniel Werfel as the next IRS commissioner, The Washington Post and several other news outlets…
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NLRB's Ban on Some Restrictive Severance Agreements Gives Departing Employees More Freedom to Talk
NextGen
Departing employees no longer have to agree to keep silent about their former employers when signing a severance agreement…
Read More
PCAOB Warns Investors About Proof-of-Reserve Reports from Crypto Companies
Auditing
The Public Company Accounting Oversight Board (PCAOB)’s Office of the Investor Advocate has issued an advisory not to…
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