Print Editions of GAAP Codification End This Year
A final print edition of the Accounting Standards Codification will be issued this year and “it does say on it …
Chair Jones: FASB Studying Two Parallel Paths to Potentially Revise the Statement of Cash Flows
FASB Chair Richard Jones on June 1, 2023, said the board plans to decide “at some point in time” whether …
Colorado Enacts Legislation Changing Corporate and Pass-Through Entity Reporting Requirements
by Tyna Mikulec On June 1, 2023, Colorado Governor Jared Polis signed legislation changing the following reporting requirements for business …
Individuals Barred from Promoting CRAT Tax Shelter Scheme
A federal district court in Missouri has barred several individuals and Hoffman Associates, LLC, from promoting, selling, or marketing a …
SEC’s Top Accountant Emphasizes Auditor’s Role in Detecting Corporate Fraud
At a financial reporting conference, SEC Chief Accountant Paul Munter reminded auditors about their responsibility regarding corporate fraud because, among …
Marcum Partner Challenges SEC Proceedings Against Him as Unconstitutional
Alan Markowitz, a Marcum LLP Partner facing an SEC administrative action related to his work as engagement partner in audits …
An Estate & Trust Professional’s Four Takeaways From Tax Season 2023
T.J. Wertman, Estate & Trust Supervisor, Boulay, PLLP Another tax season has come and gone. As we shift our focus …
House Passes Bill to Set up SEC Accredited Investor Exam
The House on May 31, 2023, voted 383-18 to pass legislation directing the SEC to set up an exam program …
Proposed 4 Percent Tax on Stock Buybacks Faces Hurdles
As the federal government continues to grapple with its budget deficit, lawmakers are proposing a new tax on stock buybacks …
FASB Gets Mixed Reviews from Groups on Proposed Tax Disclosure Rules, Including Strong Concerns
The FASB received a mixed bag of responses by its May 30, 2023, deadline to proposed income tax disclosure rules, …