On July 1, President Trump signed the IRS reform bill, the Taxpayer First Act. The Act changes the management and oversight of IRS with the aim of improving customer service and the process for assisting taxpayers with appeals; modifies IRS’s organization; and provides some new safeguards to taxpayers in their interactions with IRS.
More answers
Chair Gensler Says More SEC Cybersecurity Rule Proposals in the Works
The SEC has already issued a couple of proposals related to cybersecurity in the past two months, but more are …
U.S. and China Sign Historic Agreement on Audit Firm Supervision
The U.S. Public Company Accounting Oversight Board (PCAOB) on Aug. 26, 2022, finally signed an agreement with Chinese authorities that …
U.S. Accounting Rulemaker’s Improvement to Supplier Finance Program Disclosure Rule is Credit Positive, Moody’s Says
The U.S. accounting standard-setter’s recent decision to make changes to the disclosure of supplier finance program obligations, also known as …