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The Securities and Exchange Commission recently proposed rule changes to enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions.
View MoreThe IRS is making its forms, publications and correspondence more accessible to blind and visually disabled taxpayers.
View MoreLease transactions have been engaged in by corporations for decades. As with other issues in financial reporting, accounting rule makers have desired to provide useful information about leasing in the financial statements. In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, which led to the creation of a new accounting standard for leases, Accounting Standards Codification 842.
View MoreThe Accounting and Auditing Policy Committee of the Federal Accounting Standards Advisory Board recently issued technical releases, including one regarding implementation guidance for leases.
View MoreDue to the historic amount of federal pandemic funding, the AICPA Government Audit Quality Center is seeking auditor feedback on how it can best support auditors, particularly those who work with single audits.
View MoreThe IRS inadvertently posted confidential data for approximately 120,000 taxpayers on its website before discovering the error and removing the information.
View MoreAs September is National Preparedness Month, it is a great time for individuals, organizations and businesses to review and update their emergency preparedness plan – or to develop one if they do not currently have a plan in place.
View MoreThe Public Company Accounting Oversight Board recently released “Observations From the Target Team's 2021 Inspections,” sharing findings gathered from its 2021 inspections as well as focus areas for 2022 inspections.
View MoreThe Securities and Exchange Commission recently adopted amendments to its rules to require registrants to disclose information reflecting the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance.
View MoreTo help taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, providing penalty relief to most people and businesses who file certain 2019 or 2020 returns late.
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