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The Governmental Accounting Standards Board recently issued guidance to enhance the recognition and measurement requirements for compensated absences and refine related disclosure requirements.
View MoreThe Federal Reserve recently raised its benchmark interest rate by three-quarters of a percentage point, the largest increase since 1994, as part of its efforts to curb inflation.
View MoreThe U.S. Government Accountability Office recently issued a letter to the IRS outlining more than two dozen past and new top recommendations, including improving taxpayer service.
View MoreThe Financial Accounting Standards Board recently published an Invitation to Comment seeking input on potential GAAP guidance on recognition, measurement and presentation of government grants by businesses.
View MoreThe Governmental Accounting Standards Board recently issued guidance designed to improve the accounting and financial reporting requirements for accounting changes and error corrections.
View MoreThe U.S. Department of the Treasury's Office of Foreign Assets Control recently issued guidance clarifying that United States accounting firms are not prohibited by a White House executive order concerning U.S. sanctions against Russia from providing tax advisory and preparation services to U.S. subsidiaries of Russian companies in certain situations.
View MorePut a good idea in the hands of CPAs, and they’ll find innovative ways to make it even better. That’s exactly what’s happening right now with the new .cpa web domain.
View MoreIn recognition of the recent rise in gasoline prices, the IRS has issued Announcement 2022-13, increasing the optional standard mileage rate for the final six months of 2022.
View MoreThe Tennessee Department of Revenue recently issued Important Notice #22-12 regarding the state portion of vehicle registration fees.
View MoreThe AICPA Auditing Standards Board and Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm's risk assessment and audit quality.
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