Monthly Archives: April 2023

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How the Financial Accounting Foundation plans to strengthen oversight

Category:Uncategorized

The organization’s latest effort provide a more convenient way for stakeholders with questions about due process in standard-setting to voice their concerns.
Source: JOA News
Read More here – How the Financial Accounting Foundation plans to strengthen oversight


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Grow your firm with intention

Category:Uncategorized

It’s time to question whether growth is always a good thing. Growth for growth’s sake shouldn’t be the goal.
Source: JOA News
Read More here – Grow your firm with intention


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NASBA approves one-year extension to CPA Exam window

Category:Uncategorized

CPA candidates will now have 30 months to complete the CPA Exam once they pass the first section, pending adoption of the amendment by state boards of accountancy.
Source: JOA News
Read More here – NASBA approves one-year extension to CPA Exam window


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Sustaining the workforce: How sustainability can help the cause

Category:Uncategorized

Company leaders leaning into the opportunity presented by the evolving ESG landscape share their success stories during the 2023 Future of Finance Virtual Summit.
Source: JOA News
Read More here – Sustaining the workforce: How sustainability can help the cause


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Werfel: IRS will audit individuals under $400K at 2018 rates

Category:Uncategorized

The new IRS commissioner tells the Senate Finance Committee the rate will be taken from the 2018 data because that’s the most recent year for which the IRS has final audit numbers.
Source: Tax News
Read More here – Werfel: IRS will audit individuals under 0K at 2018 rates


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Werfel: IRS will audit individuals under $400K at 2018 rates

Category:Uncategorized

The new IRS commissioner tells the Senate Finance Committee the rate will be taken from the 2018 data because that’s the most recent year for which the IRS has final audit numbers.
Source: JOA News
Read More here – Werfel: IRS will audit individuals under 0K at 2018 rates


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New PCAOB report reviews SPAC-related audits

Category:Uncategorized

The report analyzes more than 100 audits of special-purpose acquisition companies and recommends several takeaways for auditors.
Source: JOA News
Read More here – New PCAOB report reviews SPAC-related audits


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PCAOB reveals priorities for 2023 inspections

Category:Uncategorized

The board will continue to pay particular attention to financial services and broker-dealer audits while reminding all auditors to be vigilant when it comes to fraud-related risks.
Source: JOA News
Read More here – PCAOB reveals priorities for 2023 inspections


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Nothing left to chance: The life of a lottery auditor

Category:Uncategorized

Auditors are accustomed to working with numbers and moving targets, but a select few work with numbers on bouncing balls.
Source: JOA News
Read More here – Nothing left to chance: The life of a lottery auditor


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IRS obsoletes 1958 revenue ruling on research and experimental costs

Category:Uncategorized

The ruling, which is being obsoleted as of July 31, allowed a taxpayer that used the expense method for research and experimental expenditures to deduct on an amended return research and experimental expenditures the taxpayer did not deduct in prior years.
Source: Tax News
Read More here – IRS obsoletes 1958 revenue ruling on research and experimental costs