TSCPA News

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AICPA Releases New Quality Management Standards

June 6, 2022 The AICPA Auditing Standards Board and Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm's risk assessment and audit quality.

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IRS to Pilot Retirement Plan Compliance Program

June 3, 2022 The IRS recently announced that beginning this month, its Employee Plans division will be pilot-testing a new pre-examination retirement plan compliance program in an effort to reduce the amount of time needed for exams.

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GASB Addresses Range of Issues in New Omnibus Statement

May 9, 2022 The Governmental Accounting Standards Board recently issued guidance addressing various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements or during the due process on other pronouncements.

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PCAOB Updates Standard-Setting and Research Agendas

May 4, 2022 The Office of the Chief Auditor of the Public Company Accounting Oversight Board recently published updated standard-setting and research agendas as part of the Board’s objective of advancing audit quality to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports.

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