CPA Never under estimate the value
Plan calls for a focus on protecting the public against fraud, implementing robust regulations, and supporting a skilled and diverse workforce.
Source: JOA News
Read More here – SEC publishes 5-year strategic plan
An audit report from TIGTA says taxpayers would benefit if the IRS used digital communications tools appropriately. The IRS challenged much of the audit report, including saying that TIGTA didn’t understand some of the agency’s objectives for its digital communications program.
Source: Tax News
Read More here – TIGTA: Taxpayers would benefit if IRS used digital communications tools appropriately
An audit report from TIGTA says taxpayers would benefit if the IRS used digital communications tools appropriately. The IRS challenged much of the audit report, including saying that TIGTA didn’t understand some of the agency’s objectives for its digital communications program.
Source: JOA News
Read More here – TIGTA: Taxpayers would benefit if IRS used digital communications tools appropriately
FASB is seeking comments on a proposed new chapter of its Conceptual Framework related to recognition and derecognition criteria and guidance for items’ addition to and removal from financial statements.
Source: JOA News
Read More here – FASB seeks input on proposed new chapter of its Conceptual Framework
Those on the front line of the sustainability reporting landscape share what’s to come in 2023 and what accounting professionals need to know to prepare.
Source: JOA News
Read More here – New year, new challenges: Preparing for sustainability disclosures
Proposed foreign tax credit regulations provide guidance on the reattribution asset rule for purposes of allocating and apportioning foreign taxes, the cost recovery requirement, and the application of the source-based attribution requirement to withholding tax on royalty payments.
Source: Tax News
Read More here – Proposed regulations provide guidance on foreign tax credit rules
Proposed foreign tax credit regulations provide guidance on the reattribution asset rule for purposes of allocating and apportioning foreign taxes, the cost recovery requirement, and the application of the source-based attribution requirement to withholding tax on royalty payments.
Source: JOA News
Read More here – Proposed regulations provide guidance on foreign tax credit rules
The Financial Accounting Foundation released its new strategic plan, which outlines the strategic goals that the organization will address over the next several years.
Source: JOA News
Read More here – FAF publishes new strategic plan
Public comments sought on quality control standards that incorporate standards established by the AICPA and the IAASB.
Source: JOA News
Read More here – PCAOB proposes new quality control standards
The statement says ID.me inflated the amount of work it could provide and the amount of federal dollars lost to pandemic fraud, the latter in an effort to increase demand for its services. In his response, the CEO says he would not use such a crisis to help his company.
Source: Tax News
Read More here – Congressional report criticizes contractor used by IRS during pandemic
