GASB Advances Talks to Eliminate Offensive Slur from Acronym for Comprehensive Annual Financial Report
By Denise Lugo The GASB on January 12, 2021, agreed to draw up a proposal to change the name Comprehensive …
By Denise Lugo The GASB on January 12, 2021, agreed to draw up a proposal to change the name Comprehensive …
The IRS has released a new draft of the instructions for Form 1040 and Form 1040-SR, U.S. Tax Return for …
By Soyoung Ho PCAOB member Jay Brown, who has been a strong investor advocate at the audit regulatory board, will …
The IRS has released final regs under Code Sec. 4960, which imposes an excise tax on compensation in excess of …
By Soyoung Ho The SEC will soon decide whether to approve the PCAOB’s revised auditor independence rules. As part of …
The IRS has issued the annual revenue procedure that provides a list of issues for which the Associate Chief Counsel …
By Denise Lugo The Private Company Council (PCC), the body that advises the FASB on private company accounting matters, will …
On December 31, 2020, the IRS updated its “Get My Payment” Frequently Asked Questions (FAQs) webpage to include information about …
By Bill Flook President Donald Trump on December 28, 2020, named Commissioner Elad Roisman as acting chairman of the SEC …
By Denise Lugo The GASB added a project this month to its agenda to consider renaming the Comprehensive Annual Financial …
IRS has announced, on its employer identification number (EIN) online application website, that its online EIN application service will be …
By Soyoung Ho Chairman Jay Clayton resigned from the SEC on December 23, 2020, ending a tenure that was praised …
IRS has issued final regs that implement legislative changes to Code Sec. 263A, Code Sec. 448, Code Sec. 460, and Code Sec. 471 that simplify …
By Soyoung Ho Public companies’ disclosures related to the impact of COVID-19 in the past three quarters have been by …
On Monday, December 21, Congress released official text language for the massive, 5,593 page, Consolidated Appropriations Act, 2021 (CAA, 2021). …
After months of negotiations, Congress reached a bipartisan agreement on additional COVID-19 relief, government appropriations, and tax extenders. The Consolidated …
By Denise Lugo The FASB on December 16, 2020, unanimously voted to issue a proposal next year to revise interim …
By Denise Lugo The FASB on December 16, 2020, tentatively said it would require public companies to amortize goodwill over …