Chairman Doty Criticizes House Bill Abolishing Investor Advisory Group

May 26, 2017 PCAOB Chairman James Doty criticized a provision in the Financial Choice Act that does away with his board’s Investor Advisory Group (IAG). Doty says the panel’s disappearance will mean the loss of valuable insight about how investors view the auditor’s role in financial reporting. The Financial Choice Act in the House of … Read More

When clock starts ticking on 30 day appeal of an IRS whistleblower determination

The Tax Court has held that, where IRS doesn't issue a final determination letter confirming a whistleblower's award, the date that begins the 30-day period for filing a Tax Court appeal of that determination is the date on which IRS mails the whistleblower's check. It also held that the taxpayer waived his appeal rights by his checking a box on IRS's preliminary award letter that his accepting of the award precluded him from filing a petition with the Tax Court. … Read More