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December 15, 2022
The Financial Accounting Standards Board recently issued an Accounting Standards Update that amends transition guidance in ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI), for contracts that have been derecognized because of a sale or disposal of individual or a group of contracts or legal entities before the LDTI effective date.
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December 14, 2022
The Securities and Exchange Commission recently adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 and new disclosure requirements to enhance investor protections against insider trading.
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December 14, 2022
After four consecutive three-quarter point increases, the Federal Reserve raised the benchmark interest rate by half of a percentage point at its December meeting.
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December 14, 2022
NASBA and the AICPA recently issued proposed revisions to the Statement on Standards for Continuing Professional Education Programs for public comment.
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December 13, 2022
In the wake of the Nov. 11 bankruptcy filing of offshore cryptocurrency exchange FTX Trading Ltd., questions remain regarding tax consequences for customers.
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December 12, 2022
The IRS recently issued final regulations T.D. 9969 providing an exception from the centralized partnership audit regime for partnership-related items involved with special enforcement matters.
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December 12, 2022
The Treasury Department and IRS recently issued Revenue Procedure 2022-42, setting out key processes for manufacturers and sellers of clean vehicles.
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December 7, 2022
The PCAOB recently released an interim report evaluating the effect of a 2017 standard requiring the identification and reporting of critical audit matters (CAMs) in audit reports.
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December 6, 2022
The Treasury Department and IRS recently issued proposed regulations identifying certain syndicated conservation easement transactions as "listed transactions" – abusive tax transactions that must be reported to the IRS.
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December 6, 2022
Cyberattack statistics indicate that businesses face sustained cyberattacks, which are only increasing. So, what should we expect as the top cybersecurity threats of 2023?
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