Center for Audit Quality taps Dave Sullivan as CEO
Category:Tax NewsSullivan currently serves as chair of the Financial Accounting Standards Advisory Council and served as an audit leader during a long career with Deloitte.
CPA Never under estimate the value
Monthly Archives: October 2026
- 30
Oct 26
0
- 30
Oct 26
0
FASB proposes changes to the accounting for equity-method investments
Category:Tax NewsStakeholders have until Jan. 11 to provide feedback on a proposed Accounting Standard Update aimed at improving operability and reducing complexity and cost.
- 29
Oct 26
0
AI changes how accountants work, not what they do
Category:Tax NewsThree years after tax professionals attended the AICPA National Tax Conference’s first session on generative AI, a speaker from the 2023 conference and a speaker at this year’s conference say the technology is changing how accountants work, not replacing them. They also say AI’s growing role in practice requires safeguards, oversight, and experienced professionals.
- 28
Oct 26
0
AICPA proposes improvements to SOC 2 trust services criteria
Category:Tax NewsFeedback is being accepted through mid-January on proposed updates to the framework used by CPAs to evaluate controls over an organization’s information systems.
- 23
Oct 26
0
“Ghost preparers” tied to $179 million in potentially fraudulent refunds
Category:Tax NewsA TIGTA report linked ghost preparers to $179 million in refund claims over two years. Its findings come as legislators consider the Taxpayer Assistance and Service Act, which would expand IRS oversight of paid tax return preparers.
- 23
Oct 26
0
PCAOB’s latest data reveals cleaner inspection findings
Category:Tax NewsThe board’s review of 2025 public company audit inspections revealed a significant decrease from 2024 in instances where an audit firm failed to obtain sufficient appropriate evidence to support its opinion on a financial statement.
- 23
Oct 26
0
AICPA: Trump account regulations make 2026 rollout difficult
Category:Tax NewsProposed regulations governing employer contributions to Trump accounts are “administratively burdensome” and make a 2026 rollout potentially difficult, the AICPA said. A letter to the IRS and Treasury asked for employers to be given more time and for the programs to be easier to administer.
- 22
Oct 26
0
FASB seeks to reduce inconsistencies tied to customer-related payments
Category:Tax NewsStakeholders have until Nov. 23 to comment on a proposed Accounting Standards Update related to Topic 606, Revenue from Contracts with Customers. Also, FASB is set to hold an update for private companies and not-for-profits.
- 22
Oct 26
0
AI is reshaping finance jobs rather than eliminating them, survey finds
Category:Tax NewsJust 3% of CFOs report actively reducing headcount where AI has replaced work in the finance function, although few organizations are yet in position to fully implement AI across all workflows.
- 21
Oct 26
0
Ellison-Taylor, Dodaro receive AICPA’s highest honors
Category:Tax NewsA pioneering former AICPA chair and the former head of the U.S. Government Accountability Office were honored as Gold Medal award recipients at Council.
Member Of:
