ERC in 2025: New Rules, Old Problems—Experts Warn of Audits, Fraud, and the Lingering Legacy of Pandemic Relief
The Employee Retention Credit (ERC) was introduced in March 2020 as part of the CARES Act, alongside the Paycheck Protection …
E-Verify In 2025: What Employers Need to Know About Federal and State Compliance
E-Verify, the federal electronic employment verification system, continues to be a focal point in U.S. hiring compliance. While federally voluntary …
Will the SEC Replace the Entire PCAOB Board—Again?
Now that the Securities and Exchange Commission (SEC) is seeking candidates to serve as Public Company Accounting Oversight Board (PCAOB) …
SEC Chief Atkins Ousts Williams as PCAOB Chair Amid Regulatory Shift
Erica Williams is stepping down as chair of the Public Company Accounting Oversight Board (PCAOB) next week, the board said …
New SEC Leadership Will Likely Exempt More Companies From Section 404(b)
While not explicitly saying at what size a public company should begin to have its external auditor attest to management’s …
Paul Atkins Moves Closer to Becoming SEC Chair as Senate Panel Advances His Nomination
The Senate Banking Committee on April 3, 2025, voted 13 to 11 to advance the nomination of Paul Atkins to …
Explainer: Can Musk’s DOGE Cut Staff at Accounting Firm Oversight Board?
Summary: The Trump administration is continuing with its efforts to shrink the size of the government, and the SEC has …
PCAOB Criticizes EY for Quality Control Issues Third Time in a Row; Finds Deficiencies at 4 Small Firms
The Public Company Accounting Oversight Board (PCAOB) criticized Ernst & Young LLP for failing to address quality control (QC) problems …
AICPA’s Auditing Board Plans to Issue 4 Standard-Setting Proposals in 2025
The AICPA’s Auditing Standards Board (ASB) is planning to publish four exposure drafts this year to seek comment on the …
Centralized Partnership Audit Regime Muddied by IRS Uncertainty, Expert Says
The future of the IRS’ plans and ability to enforce partnership tax compliance pursuant to now 10-year-old legislation is uncertain …