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The IRS recently announced that processing of originally filed Form 1040 individual tax returns without errors received during 2021 will be completed by the end of this week, and business paper returns filed in 2021 will follow shortly after.
View MoreThe Public Company Accounting Oversight Board recently adopted amendments to its auditing standards to strengthen requirements that apply to audits involving multiple audit firms.
View MoreThe IRS recently announced expanded voice bot options as part of its efforts to improve the taxpayer experience.
View MoreThe 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.
View MoreThe Governmental Accounting Standards Board recently issued guidance to enhance the recognition and measurement requirements for compensated absences and refine related disclosure requirements.
View MoreThe Federal Reserve recently raised its benchmark interest rate by three-quarters of a percentage point, the largest increase since 1994, as part of its efforts to curb inflation.
View MoreThe U.S. Government Accountability Office recently issued a letter to the IRS outlining more than two dozen past and new top recommendations, including improving taxpayer service.
View MoreThe Financial Accounting Standards Board recently published an Invitation to Comment seeking input on potential GAAP guidance on recognition, measurement and presentation of government grants by businesses.
View MoreThe Governmental Accounting Standards Board recently issued guidance designed to improve the accounting and financial reporting requirements for accounting changes and error corrections.
View MoreThe U.S. Department of the Treasury's Office of Foreign Assets Control recently issued guidance clarifying that United States accounting firms are not prohibited by a White House executive order concerning U.S. sanctions against Russia from providing tax advisory and preparation services to U.S. subsidiaries of Russian companies in certain situations.
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