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For peer reviews commencing on or after July 1, 2021, audits and the related compliance and exemption engagements for SEC-registered broker-dealers are no longer included in the scope of peer review; however, there is still an impact on peer reviews of firms that perform these types of engagements.
View MoreThe AICPA stated that the next update of its Peer Review Program Manual is expected by late April 2022.
View MoreThe AICPA Governmental Audit Quality Center recently released several Provider Relief Fund practice aids and single audit tools for auditors and auditees new to single audits.
View MoreThe U.S. Securities Exchange Commission recently voted to propose changes that would provide greater transparency to investors and regulators by increasing the public availability of short sale-related data.
View MoreBlack History Month is an important opportunity for us to celebrate the significant contributions and achievements of Black Americans throughout our history, including Black Americans that have been trailblazers in the accounting profession. Learn more about Jesse H. Turner, Sr., the first Black CPA in Tennessee.
View MoreToday, the AICPA and 52 state CPA societies sent a letter to Assistant Treasury Secretary Lily Batchelder and IRS Commissioner Charles Rettig regarding widespread concerns on the Schedules K-2 and K-3 reporting.
View MoreThe IRS and Treasury recently released proposed regulations REG-105954-20 that would amend rules for required minimum distributions from qualified retirement plans and annuity contracts and related matters to conform with statutory changes.
View MoreThe IRS recently announced that interest rates will increase for the calendar quarter beginning April 1, 2022.
View MoreThe IRS recently announced that it is offering a new authentication option of a live, virtual interview with agents for taxpayers who prefer to sign up for an IRS online account without the use of any biometric data, including facial recognition.
View MoreThe International Ethics Standards Board for Accountants recently released for public comment proposed technology-related revisions to the International Code of Ethics for Professional Accountants, including International Independence Standards.
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