Auditing Standards Board proposes a new fraud standard
Category:Tax NewsThe AICPA board issued an exposure draft of a Statement on Auditing Standard (SAS), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
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Author Archives: admin
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Jul 25
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Jul 25
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IRS withdraws proposed regs. governing built-in losses and gains
Category:Tax NewsThe IRS said Tuesday that it expects to issue a revised notice of proposed rulemaking after it studies the issues addressed in the 2019 proposed regulations.
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Jun 25
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Economic pessimism grows, but CFOs have strategic responses
Category:Tax NewsNearly half of CFOs in Grant Thornton’s second-quarter survey are pessimistic about the U.S. economy. Their responses include supply chain adjustments to reduce the impact of tariffs.
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Jun 25
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Details of tax changes in Senate reconciliation bill
Category:Tax NewsThe Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act and differs from the Finance Committee version in key areas.
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Jun 25
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Senate budget bill would preserve PTET SALT deduction
Category:Tax NewsAn AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new tax increases” on passthrough business including CPA firms.
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Jun 25
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IRS staffing, budget cuts threaten 2026 filing season, taxpayer advocate says
Category:Tax NewsAfter a successful 2025 tax filing season, the loss of over 25% of staff and a 37% drop in funding leave the status of the 2026 season in doubt, the national taxpayer advocate’s midyear report said.
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Jun 25
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‘Shift your tech strategy’: 3 keys to positive ROI
Category:Tax NewsBusiness leaders are investing more than ever in new technologies, but the investment likely won’t pay off without a plan that aligns tech with business objectives.
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Jun 25
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The expected salary range for middle-market CFOs
Category:Tax NewsCFOs at middle-market companies can expect a base salary of at least $350,000 a year, according to one recent survey that addressed compensation and career paths.
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Jun 25
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AICPA proposes changes to Senate bill that would help most US businesses
Category:Tax NewsPassthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.
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Jun 25
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GASB updates guidance on application of standards
Category:Tax NewsThe guide aims to assist state and local governments via a series of questions and answers.
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