In another case in Texas, a judge issued a nationwide order prohibiting enforcement of beneficial ownership information reporting requirements, meaning BOI reports are still on hold.

The "targeted improvements" to the FASB Accounting Standards Codification are a part of an evergreen project focused on making incremental changes to GAAP. Public comments on the ASU, published ...

What to expect from the IRS this year. From The Tax Adviser: Examining the 1997 Examination Program T he Internal Revenue Service, like most other government agencies, has to tighten its budget while ...

The AICPA’s vice president–Tax Policy & Advocacy said President Donald Trump’s executive order to freeze hiring at the IRS should not affect seasonal employees, who likely are already hired and ...

Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right ...

The January webcast also included a deep dive into step 3 of the five-step revenue recognition process outlined in FASB ASC 606.