CPA Never under estimate the value
Regulators encourage accounting professionals to continue to tell their clients’ story while providing updates on the standards they’re required to uphold in the process.
Source: JOA News
Read More here – Highlights: AICPA & CIMA Conference on Current SEC and PCAOB Developments
Remote audits are the new norm for firms for many strategic reasons. They may save time and costs, reduce travel, or boost employee retention, among other advantages. Test your remote audit knowledge and get resources for your next remote audit.
Source: JOA News
Read More here – Quiz: Test your remote audit knowledge
Final regulations, issued last week, except certain partnership-related items from the regime and provide alternative rules for their examination by the IRS, as well as provide rules for the calculation of imputed underpayments.
Source: Tax News
Read More here – Final regs. issued on centralized partnership audit regime
Final regulations, issued last week, except certain partnership-related items from the regime and provide alternative rules for their examination by the IRS, as well as provide rules for the calculation of imputed underpayments.”
Source: JOA News
Read More here – Final regs. issued on centralized partnership audit regime
In the wake of adverse decisions in the Sixth Circuit and the Tax Court, the IRS announced it is issuing proposed regulations, which it intends to finalize in 2023, that identify certain syndicated conservation easement transactions as listed transactions.
Source: Tax News
Read More here – Prop. regs. identify syndicated conservation easements as listed transactions
In the wake of adverse decisions in the Sixth Circuit and the Tax Court, the IRS announced it is issuing proposed regulations, which it intends to finalize in 2023, that identify certain syndicated conservation easement transactions as listed transactions.
Source: JOA News
Read More here – Prop. regs. identify syndicated conservation easements as listed transactions
The PCAOB released a report addressing the impact of 2018 standards related to auditing accounting estimates and the auditor’s use of the work of specialists.
Source: JOA News
Read More here – PCAOB report analyzes impact of estimates and specialists requirements
Revised draft instructions for partnership and S corporation Schedules K-2 and K-3 contain significant changes to the requirements to qualify for the domestic filing exception for filing and furnishing the 2022 schedules.
Source: Tax News
Read More here – Domestic filing exception requirements modified in draft Scheds. K-2, K-3
Revised draft instructions for partnership and S corporation Schedules K-2 and K-3 contain significant changes to the requirements to qualify for the domestic filing exception for filing and furnishing the 2022 schedules.
Source: JOA News
Read More here – Domestic filing exception requirements modified in draft Scheds. K-2, K-3
Deficiencies in a relatively new area of reporting — critical audit matters — contribute to the increase, but the board also sheds light on several good practices.
Source: JOA News
Read More here – PCAOB report: Audit deficiencies increase in 2021
