Federal Reserve Again Raises Rates by a Quarter Percentage Point
The Federal Reserve recently increased the benchmark interest rate by a quarter of a percentage point, the 10th increase since March 2022.
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IRS and Treasury Issue Proposed Regulations on Rules for Repatriation of Intangible Property
The IRS and the U.S. Department of the Treasury recently issued proposed regulations REG-124064-19 regarding rules for certain repatriations of intangible property.
View MorePCAOB Enhances Transparency of Inspection Reports
The Public Company Accounting Oversight Board recently announced it has enhanced its inspection reports with a new section on auditor independence and a range of other improvements intended to increase transparency.
View MoreIRS Returns to In-person Public Hearings for Proposed Regulations
The IRS and the U.S. Treasury Department recently issued Announcement 2023-16, stating that the IRS will return to in-person public hearings for proposed regulations with a telephone option available.
View MoreTennessee General Assembly Passes Tennessee Works Tax Act
The Tennessee General Assembly recently passed the Tennessee Works Tax Act (SB275/HB323), approving more than $400 million in tax cuts and marking one of the largest tax cuts in state history.
View MoreFinancial Accounting Foundation Enhances Stakeholder Feedback Procedures
As part of its continuing efforts to improve its oversight activities and to further increase transparency for stakeholders, the Board of Trustees of the Financial Accounting Foundation recently announced an enhancement intended to make it easier for stakeholders to raise potential concerns about compliance with the due process procedures of the FASB and the GASB.
View MoreNASBA Approves Extension of CPA Exam Window
The National Association of State Boards of Accountancy recently announced the adoption of an amendment to the Uniform Accountancy Act Model Rules pertaining to the Uniform CPA Examination.
View MoreTennessee General Assembly Adjourns 2023 Session
The 2023 session of the 113th Tennessee General Assembly adjourned on Friday, April 21.
View MoreFAQs Issued About Upcoming Changes to COVID-19 Relief
The IRS and the U.S. Departments of Labor and Health and Human Services have jointly issued frequently asked questions regarding how COVID-19-related relief measures will change when the officially declared Public Health Emergency ends.
View MorePCAOB Outlines Priorities for 2023 Inspections
The Public Company Accounting Oversight Board has outlined its priorities for 2023 inspections in a recently released staff report.
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