AICPA’s PEEC and ASB Issue New NOCLAR Requirements
The AICPA’s Professional Ethics Executive Committee and Auditing Standards Board recently issued new requirements regarding noncompliance with laws and regulations.
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IRS Offers More Options To Amend Returns Electronically
The IRS recently announced that more forms can now be amended electronically.
View MoreSEC Adopts Rules To Require Electronic Filing for Investment Advisers and Institutional Investment Managers
The Securities and Exchange Commission recently adopted amendments to require certain documents filed by investment advisers, institutional investment managers and certain other entities to be filed or submitted electronically.
View MoreIRS To Complete Original Tax Returns Filed in 2021
The IRS recently announced that processing of originally filed Form 1040 individual tax returns without errors received during 2021 will be completed by the end of this week, and business paper returns filed in 2021 will follow shortly after.
View MorePCAOB Amends Standards for Lead Auditor’s Use of Other Auditors
The Public Company Accounting Oversight Board recently adopted amendments to its auditing standards to strengthen requirements that apply to audits involving multiple audit firms.
View MoreIRS Expands Voice Bot Options
The IRS recently announced expanded voice bot options as part of its efforts to improve the taxpayer experience.
View MoreFASB Ends Goodwill Accounting Project
The Financial Accounting Standards Board recently unanimously voted to remove from its technical agenda its project on identifiable intangible assets and the subsequent accounting of goodwill.
View MoreGASB Provides Unified Accounting Model for Compensated Absences and Eases Disclosure Burden
The Governmental Accounting Standards Board recently issued guidance to enhance the recognition and measurement requirements for compensated absences and refine related disclosure requirements.
View MoreFederal Reserve Raises Rates by Three-Quarters of a Percentage Point
The 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 MoreGAO Issues Letter Recommending Priorities for IRS
The 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.
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