The December webcast also included updates on the AICPA Accounting Standards Review Committee’s preparation standards exposure draft and on recent FASB news.

Congress did not include a delay to the beneficial ownership information reporting requirement in its government funding bill. The AICPA has been advocating for a delay.

A comment letter sent Thursday urges the SEC, which oversees the PCAOB, to “refrain from approving” final rules issued last month that call for certain PCAOB-registered public accounting firms to ...

Treasury and the IRS announced that certain portions of future regulations finalizing the proposed regulations for required minimum distributions will apply beginning in the 2026 distribution calendar ...

The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024.

The IRS expanded the tax pro account, which now includes the ability to view individual and business taxpayer payments, and made other digital improvements, the agency said, as part of the quarterly ...

The Financial Accounting Foundation’s review of the council, which works with FASB to support the interests of private companies in the standard-setting process, concluded that the council is serving ...

The IRS on Tuesday released final regulations (T.D. 10019) that amend the definition of "coverage month" and amend certain other rules in existing income tax regulations regarding the computation of ...

On Monday, the AICPA Professional Ethics Executive Committee (PEEC) released new ethics guidance related to recruiting services for attest clients. The committee also released an exposure draft ...