SEC Approves New Auditor’s Report
The Securities and Exchange Commission this week approved the Public Company Accounting Oversight Board’s AS 3101 auditing standard aimed at...
Tax and Accounting
Survey: Three in Four U.S. Voters Say Tax Reform Should Be Priority for Congress
Nearly three-fourths of U.S. registered voters believe that passing tax reform should be the top or an important priority for...
House Lawmakers Seek Delay, Closer Examination of CECL
A group of House lawmakers yesterday wrote to the heads of the Securities and Exchange Commission and the Financial Accounting...
Treasury Recommends Revoking, Modifying Tax Regulations
The Treasury Department today released a report on regulatory burden in the tax code.
ABA Warns on Employee Benefit Plan Audit Proposal
In a comment letter to the American Institute of CPAs on its proposal to modify audits of Employee Retirement Income...
White House, Congressional Leaders Release Tax Reform Framework
The Trump administration and congressional leaders today released a joint framework for tax reform.
IRS Confirms Delay in Reporting Requirements for FTINs
The IRS yesterday formalized previously announced plans to allow withholding agents more time to meet requirements of obtaining foreign taxpayer...
Economist: Tax Reform Should Tackle Credit Union Tax Exemption
As Congress and the Trump administration continue negotiations over tax reform, they should address the tax-exempt status of the credit...
Agencies Issue Additional FAQs on CECL Implementation
As banks continue preparing to implement the Current Expected Credit Loss model for loan loss accounting, the financial agencies have...
