News

The number of firms registered to carry out statutory audit work in the UK and Ireland has dropped again and is close to dipping below the 4,000 mark.

Managers and workers have differing views of mental health in the workplace.

Conservative think-tanks say CT’s children could be spared billions in legacy debt.

Three C-suite executives offer advice on how to seamlessly transition chief financial officer duties to a successor.

A raft of changes to how Connecticut law protects sensitive medical information, minors from online threats, and misuse of social media lead a group of dozens of new laws that take effect today.

PCAOB inspectors repeatedly noted the value of using experts in a report focused on emerging areas of risks in public company audits.

Nearly 60 new Connecticut laws will take effect on Oct. 1, including legislation concerning line-of-duty deaths, home care worker protections and police body cameras.

The AICPA and the National Association of State Boards of Accountancy (NASBA) are seeking input on proposed changes to the Uniform Accountancy Act (UAA) that would pave the way for states to adopt an additional pathway for CPA licensure.

The Financial Accounting Standards Board (FASB) today published a proposed Accounting Standards Update (ASU) to improve the accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services. Stakeholders are encouraged to review and provide input on the proposed ASU by November 14, 2024.

This year’s report takes a look at how tax departments and their leaders are overcoming various disruptions like legislative and regulatory change, an uncertain talent market, generative AI and more, fostering trust across the organization. Key report findings from 500 CFOs, CEOs and Chief Tax Officers – 25% of which are in the Northeast region, indicate...

The Internal Revenue Service requested public comments on draft Form 7217 PDF and Instructions for draft Form 7217 PDF today.

The Internal Revenue Service’s Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts to expand online tools and improve user experiences.

Accountants have pretty much always used technology — what else do you call an abacus or a slide rule or an adding machine? — but it is increasingly obvious that, as the world moves through its digital revolution, it has slowly become a technology-driven profession, where powerful software solutions are not enhancements but true necessities for all but the most basic of jobs. This has led to a veritable galaxy of specialized accounting applications, and a veritable universe of other apps that, while not specific to the profession, are nonetheless invaluable to their work.

Governor Ned Lamont today announced that beginning on January 1, 2025, Connecticut’s minimum wage will increase from the current rate of $15.69 per hour to $16.35 per hour.

The AICPA has added to its suite of apprenticeship offerings with the launch of a program that focuses on empowering organizations to recruit new talent or upskill existing employees in entry-level positions.

Connecticut’s pension funds performed better than expected in the most recent fiscal year, showing double-digit returns even as the state continues to play catch-up with its massive unfunded pension liabilities.

Businesses, developers say guardrails are important, but varied state laws create confusion.

The Internal Revenue Service announced today that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.

Earlier this summer, the Private Company Council (PCC) reaffirmed its support for focusing our attention on the financial reporting issues currently most important to U.S. private companies. PCC members unanimously supported conducting preliminary research on:

The Financial Accounting Standards Board (FASB) today published a proposed Accounting Standards Update (ASU) that would clarify certain aspects of the guidance on hedge accounting and address several incremental hedge accounting issues arising from the global reference rate reform initiative. Stakeholders are encouraged to review and provide input on the proposed ASU by November 25, 2024.