News

The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have issued two important exposure drafts related to the CPA pipeline and licensure: Exposure Draft: Competency-Based Experience Pathway Comments due by December 6 Exposure Draft: Proposed Amendments to the UAA Model Act and Rules Comments due by December 30

Thousands of candidates attended the latest AICPA/NASBA webinar on Navigating the CPA Exam. In case you missed it, you can view the webinar in its entirety.

A large majority of finance leaders have been tasked with new responsibilities in 2024. Not surprisingly, many of those responsibilities revolve around technology.

The Internal Revenue Service announced today that Direct File will be available in double the number of states than last year's pilot.

The IRS announced relief for taxpayers in all or part of seven states that Hurricane Helene damaged (IR-2024-253). The AICPA, which requested IRS relief in a comment letter, on Thursday also requested filing extensions from the Financial Crimes Enforcement Network (FinCEN) related to the filing of beneficial ownership information (BOI) and reports of foreign bank and financial accounts (FBAR) for major disaster victims.

The Department of the Treasury and the Internal Revenue Service today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025. These plans are similar to 401(k) plans but are generally for employees of charities and public schools.

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.

Leaders from corporate finance and the profession share their advice for upskilling and reskilling for the next era of management accounting.

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.

Taxpayers can employ several strategies in the face of limited deductibility of state and local taxes through 2025 and perhaps beyond.

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.