Auditing May 22, 2023
PCAOB Has a Batch of New Projects in the Works
The audit regulator revised its standard-setting agenda to include four new projects—two considered short-term and two mid-term.
Taxes May 19, 2023
IRS Is Developing Its Own Free Tax Preparation System
The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.
Accounting May 18, 2023
AICPA Says it Has a Plan to Fix the CPA Talent Shortage
With its Pipeline Acceleration Plan, the AICPA said it has a framework in place to make accounting more appealing to students.
Taxes May 18, 2023
IRS Bumps Up HSA Contribution Limits for 2024
The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.
Firm Management May 17, 2023
Aprio is Merging in Two East Coast CPA Firms
The deals with New Jersey-based Tobin & Collins and Maryland-based Squire, Lemkin + Company are expected to close June 1.
Taxes May 17, 2023
IRS Chief Daniel Werfel Says He Is ‘Deeply Concerned’ About Racial Bias in Audits
An academic study revealed that Black Americans are up to five times more likely to be audited than taxpayers of other races.
Auditing May 15, 2023
Top 20 Firm Leads IPO Auditor Market Share in Q1 2023
Twenty-five different firms audited the 46 IPOs completed in the first quarter of this year, with one firm's seven leading the way.
Accounting May 15, 2023
SEC Ramped Up Enforcement for Accounting and Auditing in FY 2022
The SEC disclosed 68 accounting and auditing enforcement actions in FY 2022, up 55% from the previous fiscal year.
Taxes May 12, 2023
IRS is Looking to Connect More Taxpayers with Appeals Services
The agency is seeking ideas on how to improve tax dispute conference options for taxpayers who don’t live close to an appeals office.
Accounting May 11, 2023
FASB Seeks to Add Guidance on Profits Interest Awards
Proposal would help companies determine whether these awards should be accounted for as a share-based payment arrangement.
Accounting May 10, 2023
IFAC On the Hunt For a New CEO
Current CEO Kevin Dancey, who has held that role since 2018, is stepping down at the end of this year.
Small Business May 9, 2023
Accountants Say Small Businesses Still Have a Rocky Road Ahead
Over the next year, 61% of accountants believe the economy will be “much” or “somewhat worse” for small business clients.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
