PCAOB Chair Williams Criticizes Restatements as Indicator of Audit Quality
Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams disputed arguments that the number of financial restatements is a good …
FASB Unveils New Guidelines to Boost Transparency in Corporate Expense Reporting
The Financial Accounting Standards Board (FASB) on November 4, 2024, issued new guidelines aimed at enhancing the transparency and clarity …
How Loper Bright Might Impact IRS Rulemaking
After the U.S. Supreme Court’s decision this year on agency deference, legal experts gave their predictions on how the IRS …
Pennsylvania Enacts Changes to Tax Appeals Process, Clarifies Medical Cannabis Business Deduction
By Rita L. Eng On October 29, 2024, Pennsylvania Governor Josh Shapiro signed legislation to provide corporate net income tax …
Final Regs Update Guidance on Sales of Seized Property
The IRS has issued final regs designed to modernize the rules governing sales of taxpayer property seized by the IRS …
Housing Reform Should Restore, Enhance Lapsed Tax Breaks, House Taxwriters Told
With the deadline now passed for public stakeholders to submit comments to members of the House Ways and Means Committee …
SEC Chair Gensler Praises Current PCAOB Members, Criticizes Past Boards
Securities and Exchange Commission (SEC) Chair Gary Gensler last week said that the Public Company Accounting Oversight Board (PCAOB) has …
With Corporate Transparency Act Deadline Looming, Community Associations Are Denied Relief
Another federal court has sided with the government in a case challenging the Corporate Transparency Act’s reporting requirements, denying preliminary …
DOJ Urged to Look Into Tax Prep Companies’ Privacy Practices
Democrat lawmakers have asked the U.S. Department of Justice (DOJ) to investigate major tax preparation companies’ data privacy practices — …
Lyft to pay $2.1 million fine to settle US charges it inflated drivers’ earnings prospects
By Jonathan Stempel Lyft (LYFT.O), agreed to pay a $2.1 million civil fine to settle U.S. Federal Trade Commission charges …