<![CDATA[ Slowly but surely, more private businesses are adopting the new standard as they face demands to put their operating leases on their balance sheets. ]]>
Day: March 23, 2023
FASB issues proposed changes to cryptoasset accounting, disclosure
FASB is seeking comments on a proposed Accounting Standards Update that is intended to improve the accounting for and disclosure of certain cryptoassets.
Accountants encouraged by proposed NFT rules
<![CDATA[ The IRS proposed new rules on non-fungible tokens this week, and accounting professionals in the space see the agency starting to get serious about these assets. ]]>
Tax Fraud Blotter: Living the scheme
<![CDATA[ Final salute; Patriot game; books by their covers; and other highlights of recent tax cases. ]]>
Why artificial intelligence will improve accounting
<![CDATA[ Does AI pose a menacing threat by replacing talented people with opaque processes and questionable reliability? ]]>
IRS investigators uncover billions in COVID tax fraud
<![CDATA[ The service’s Criminal Investigation unit investigated 975 tax and money laundering cases related to COVID-19 with fraud totaling $3.2 billion. ]]>