AICPA clarifies rules on CAS financial statement prep
The American Institute of CPAs’ Accounting and Review Services Committee clarified a standard on financial statement preparation as part of a CAS engagement.
Art of Accounting: What potential investors must have
Due diligence and caution are important when evaluating investment opportunities and business plans that are being pitched.
Slow US tax collections spark angst about debt ceiling X-date
Tax collection projections are down. Refunds are up. That’s a formula that could dampen U.S. government revenue.
The litigator’s lens: A new perspective on audit risk management
Even when auditors follow all the standards and perform a high-quality audit, they can still be sued.
Sourcetable heralds “self-driving” spreadsheet
Spreadsheet provider Sourcetable launched a “self-driving” spreadsheet that allows users to tell the spreadsheet what they want through natural language commands.
IRS leverages banking data for criminal investigations
The Internal Revenue Service’s Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.
Tax departments can avoid mistakes ahead of the TCJA sunset
As the expiration of key Tax Cuts and Jobs Act provisions looms, tax professionals are preparing for what could be another period of upheaval.
SEC stops defending climate disclosure rule
The Securities and Exchange Commission voted to end its defense of the climate-related disclosure rule it approved last year under the Biden administration.
On the move: Weaver hires energy compliance director
FASB appoints new members to Public Markets Advisory Committee; WilliamsMarston launches podcast; and more news from across the profession.
Aprio to acquire RSM’s professional services practice
The PS+ practice serves nearly 80 firms across the U.S. and Canada.