CPA Never under estimate the value
One year after its formation, the National Pipeline Advisory Group published its recommendations for improving the talent pipeline.
Source: JOA News
Read More here – Pipeline plan of action: Read the Accounting Talent Strategy Report
The board’s annual report identifies deficiencies in 70% of audit engagement reviews, offers advice aimed at reducing the number.
Source: JOA News
Read More here – Broker-dealer audit deficiencies on the rise, PCAOB finds
Experience, Learn and Earn, a program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure, has 94 summer-session students representing more than 50 employers. The deadline for the fall semester is Thursday.
Source: JOA News
Read More here – Midsummer update: CPA licensure program continues to add students
The IRS said the five signs are the result of what IRS compliance teams found while analyzing and processing claims for the employee retention credit (ERC). The Service plans to briefly reopen its voluntary disclosure program.
Source: JOA News
Read More here – 5 new warning signs of a bad claim for pandemic-era ERC
IRS provides fifth quarterly update on transformation efforts, with Commissioner Danny Werfel saying the agency is making “substantial progress.”
Source: JOA News
Read More here – Funding spurs IRS improvements, but challenges remain, commissioner says
The Financial Accounting Standards Board is seeking feedback on a proposed Accounting Standards Update related to the application of derivative accounting to contracts and to the diversity in accounting for a share-based payment from a customer.
Source: JOA News
Read More here – FASB proposes scope-related changes to two ASC topics
The amendments conform implementation guidance to several existing reporting standards for federal government entities.
Source: JOA News
Read More here – FASAB issues amendments, seeks new board members
The results of an annual survey found that organizations have made minimal gains in risk oversight over the past five years despite an increasingly threatening risk landscape.
Source: JOA News
Read More here – Improving enterprise risk management: 5 steps to success
Almost 16,000 entities will spend over 8.7 million hours seeking access to beneficial ownership information in the first year, FinCEN estimated in a new notice.
Source: JOA News
Read More here – FinCEN estimates millions of hours will be spent seeking BOI access
The final regulations reflect changes to the required minimum distribution rules made by the SECURE Act and SECURE 2.0 and generally follow proposed regulations issued in 2022.
Source: JOA News
Read More here – Final and proposed regs. issued on retirement plan RMDs
