House Bill Would Require Yearly PCAOB Inspections for Audits of China-based Companies
A bipartisan House bill would again increase the frequency with which auditors of Chinese companies must be inspected by the …
PCAOB Chair Williams: Rising Audit Deficiency Rates are ‘Unacceptable’
Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams urged accounting firms to do a better job of auditing public …
Employer’s Lack of COBRA Diligence Was Not Intentional Infliction of Emotional Distress
A former public-school employee sued the employer following his involuntary termination of employment. The majority of the employee’s claims were …
IOSCO Endorses Global ESG Rulemaker’s New Climate and Sustainability Disclosure Standards
The International Organization of Securities Commissions (IOSCO) endorsed the International Sustainability Standards Board’s (ISSB) two new climate and sustainability disclosure …
Chief Counsel Provides Guidance on ERC Eligibility for Supply Chain Disruption
In a Generic Legal Advice Memo, IRS Chief Counsel discussed whether an employer experienced a full or partial suspension of their …
IRS Ends Majority of Unannounced In-person Collection Visits
From now on, if someone comes to your home or place of business, they will highly unlikely be an IRS …
Corporate Taxpayers Won’t Be ‘Left Behind’ as IRS Improves Notices, Official Assures
While much focus has been given to individuals in messaging from the IRS as the agency aims to capitalize on …
International Tax Experts Pan Biden’s Pillar Two Plan
During a House Ways and Means Tax Subcommittee hearing July 19, a panel of international tax lawyers and global experts …
SEC Schedules Vote to Adopt Cybersecurity Rules for Public Companies
The Securities and Exchange Commission on July 26, 2023, will consider adopting a March 2022 proposal that would require public …
Can FASB Fix Complex Commodities Accounting Rules? Not Without IFRS, CPA Group Says
Accountants who believe that the FASB may end up aligning U.S. GAAP with international financial reporting standards on commodities, recently …