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FASB Ends Goodwill Accounting Project

June 16, 2022 The Financial Accounting Standards Board recently unanimously voted to remove from its technical agenda its project on identifiable intangible assets and the subsequent accounting of goodwill.

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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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