PCAOB Issues Interim Report on Critical Audit Matters
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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Treasury and IRS Propose Regulations Identifying Syndicated Conservation Easement Transactions as Abusive Transactions
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.
View MoreTop Cybersecurity Threats of 2023
Cyberattack statistics indicate that businesses face sustained cyberattacks, which are only increasing. So, what should we expect as the top cybersecurity threats of 2023?
View MoreIRS Updates 2020 Unemployment Compensation Exclusion FAQs
The IRS recently updated frequently asked questions for the 2020 unemployment compensation exclusion in Fact Sheet 2022-39.
View MoreFASB Seeks Input on Proposed Update to Leases Guidance
The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update intended to improve accounting guidance for arrangements between entities under common control.
View MoreTreasury and IRS Issue Guidance on Wage and Apprenticeship Requirements for Enhanced Credits/Deductions
The Treasury Department and IRS recently announced guidance providing taxpayers information on how to satisfy the prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act.
View MoreIRS Interest Rates Increase for the First Quarter of 2023
The IRS recently announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2023.
View MoreIRS Releases List of Required Amendments for 403(b) Plans
The IRS recently issued Notice 2022-62, including a list of required amendments for Section 403(b) plans, which are retirement plans for certain employees of public schools and Section 501(c)(3) tax-exempt organizations and certain ministers.
View MoreTreasury Department Issues Proposed Regulations on Foreign Tax Credit Rules
The U.S. Treasury Department recently issued proposed regulations REG-112096-22 concerning the foreign tax credit.
View MoreFASB Seeks Input on Proposed New Chapter of Its Conceptual Framework
The Financial Accounting Standards Board recently issued a proposed new chapter of its Conceptual Framework related to the recognition and derecognition of an item in financial statements.
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