TSCPA News

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SEC Accepts 2023 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy

March 21, 2023 The Financial Accounting Standards Board recently announced the U.S. Securities and Exchange Commission has accepted the 2023 GAAP Financial Reporting Taxonomy and the 2023 SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”). The FASB also finalized the 2023 DQC Rules Taxonomy, which together with the GAAP Taxonomy are collectively referred to as the “FASB Taxonomies.”

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IRS Publishes FAQs on Medical Expenses Related to Nutrition, Wellness

March 17, 2023 The IRS recently posted frequently asked questions addressing whether certain costs related to nutrition, wellness and general health are medical expenses that may be paid or reimbursed under a health savings account, health flexible spending arrangement, Archer medical savings account, or health reimbursement arrangement.

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AICPA PEEC Seeks Feedback on Proposed Changes to Code of Professional Conduct

March 15, 2023 The AICPA Professional Ethics Executive Committee recently released for public comment two exposure drafts intended to align its Code of Professional Conduct with that of the International Ethics Standards Board for Accountants, as well as clarify members' ethical responsibilities regarding the sharing of CPE examination answers.

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Stress Management and Self-care

March 15, 2023 Stress is an inevitable and even helpful part of life. If we think of any of our joys, our successes, our wins – chances are there were stresses.

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