High-Earning Non-filers Focus of Latest IRS Enforcement Campaign
In the latest announcement from the IRS on compliance enforcement activities funded by the Inflation Reduction Act (PL 117-169), Commissioner …
Resolution Nixing SEC Crypto Accounting Guidance Clears House Committee
The House Financial Services Committee on February 29, 2024, advanced a bipartisan measure to eliminate a 2022 SEC staff accounting …
Marcum Partner Sues SEC to Block ‘Unconstitutional’ Administrative Enforcement Action
Marcum LLP partner Edward Hackert on February 27, 2024, asked a US district court to block the SEC’s administrative action …
Leap Year May Cause Extra Paydays
A leap year is a calendar year that contains an additional day compared to a common year. The 366th day …
District Court Finds COVID Proxy Voting Rule Unconstitutional
A Texas federal district court has found that the COVID-era proxy voting rule is an unconstitutional violation of the Constitution’s …
When Are Disability Benefit Programs Exempt From ERISA?
QUESTION: I am reviewing our company’s employee benefit programs and confirming that they are treated appropriately for ERISA compliance purposes. …
New FASB Segment Accounting Rules Carry Big Implications for Using Non-GAAP Measures
Accountants are thinking about the FASB’s new segment reporting rules that take effect this year, mindful of the implications the …
FAQs Address Agriculture Department’s Discrimination Financial Assistance Program
The IRS has issued frequently asked questions (FAQs) addressing the Department of Agriculture’s (USDA) Discrimination Financial Assistance Program, which was …
As Promised to Congress, PCAOB Schedules Roundtable on Proposal on Noncompliance With Laws and Regulations
Following a strong opposition by the auditing profession, public company management, lawyers, and Republican lawmakers on the Public Company Accounting …
Judge Rejects Audit Firm’s Bid to Halt Discovery in SEC Independence Case
A federal judge on February 22, 2024, denied Prager Metis CPAs LLC’s request to stay discovery as it seeks to …