CPA Never under estimate the value
PCAOB Chair William Duhnke III was removed from his position on the board as the SEC named Duane DesParte as acting chair. The SEC announced that it intends to seek candidates to fill all five positions on the PCAOB.
Source: JOA News
Read More here – Duhnke removed as PCAOB chair as transition to new board begins
The US Small Business Administration reported its first set of grants from the $16.25 billion Shuttered Venue Operator Grants program.
Source: JOA News
Read More here – SBA reports first 50 Shuttered Venue Operator Grants
U.S. finance decision-makers are mainly positive for the coming year for their businesses and the domestic economy, according to a quarterly survey.
Source: JOA News
Read More here – Rising optimism outweighs concerns about labor shortages, inflation
Derivative instruments, fiduciary activities, leases and nonexchange transactions are among the accounting issues discussed in an implementation guide issued by GASB.
Source: JOA News
Read More here – GASB publishes implementation guidance on various issues
Accounting and financial reporting requirements that have been followed since the 1970s would change under guidance for accounting changes and error corrections proposed by the Governmental Accounting Standards Board.
Source: JOA News
Read More here – GASB addresses accounting changes and error corrections
Accountants can position themselves as more trustworthy by working through the classic “trust equation” developed by David Maister, Charles Green, and Robert Galford. Angie Grissom, owner of The Rainmaker Companies, illustrates how to do so.
Source: JOA News
Read More here – Use this formula to build trust with clients
The proposed $6 trillion fiscal year 2022 budget unveiled by the Biden Administration includes a host of tax items, including proposals to raise the corporate tax rate, raise the top tax rate for high-income individuals, limit like-kind exchanges, and make permanent recent temporary changes to various tax credits.
Source: Tax News
Read More here – President’s budget contains many tax proposals
The proposed $6 trillion fiscal year 2022 budget unveiled by the Biden Administration includes a host of tax items, including proposals to raise the corporate tax rate, raise the top tax rate for high-income individuals, limit like-kind exchanges, and make permanent recent temporary changes to various tax credits.
Source: JOA News
Read More here – President's budget contains many tax proposals
Regulators and standard setters are promulgating new requirements for environmental, social and governance information, and that may lead many companies to call upon external auditors to examine their ESG disclosures.
Source: JOA News
Read More here – Auditors may see increased demand for ESG attestation
A proposed new version of Form 941, Employer’s Quarterly Federal Tax Return, reflects relief provisions of the American Rescue Plan Act.
Source: Tax News
Read More here – Draft employer’s payroll tax return incorporates ARPA changes
