Investors Press Regulator to work on Audit Quality Indicators and Quality Control Rules at the Same Time
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) once again pressed the board to complete a slow-moving …
Global Baseline of Climate and Sustainability Disclosure Rules to Take Effect Next Year
The International Sustainability Standards Board (ISSB) on Feb. 16, 2023, unanimously voted to require that global climate and sustainability disclosure …
Maryland Comptroller Provides Guidance on 2022 Digital Advertising Gross Revenues Tax Filing Requirements
by Saleem A. Shareef The Maryland Comptroller’s Office has provided guidance on filing the 2022 Digital Advertising Gross Revenues Tax …
IRS Misses Deadline to Produce Inflation Reduction Act Spending Plan
The IRS did not submit its 10-year plan detailing how it will use the $80 billion appropriation from the Inflation …
FASB Runs into Opposition from U.S. Chamber of Commerce on Coming Income Tax Disclosure Proposal
The nation’s main accounting rulemaker has run into opposition from the U.S. Chamber of Commerce about disclosure rules it plans …
IRS Commissioner Nominee Commits to Improving Taxpayer Service, Audit Fairness
Daniel Werfel, President Biden’s nominee to be the next IRS commissioner, faced concerns from members of the Senate Finance Committee …
Payroll Case Roundup
Recently, federal appellate courts have weighed in on: (1) the Family and Medical Leave Act, (2) paid military leave, (3) …
Emphasizing Investor Needs, SEC’s Top Accountant Urges FASB to Continue Improving Accounting Rules Quickly
Continuing with his rather assertive and at times public display of the Securities and Exchange Commission’s oversight of the Financial …
Bipartisan Bill Exempting Broadband Grants Reintroduced
Legislation recently proposed in the previous Congress that would shield certain federal grants for broadband internet deployment projects from taxation …
Illinois Enacts Changes to Various Credits and Incentives
by Krista A. Cohane On February 3, 2023, Illinois Governor JB Pritzker signed legislation approving the creation of a sustainable …