With a new standard for reporting on leases soon to be effective, the Accounting and Auditing Policy Committee is seeking comments on updates to its leases guidance in a 2021 technical release.
Day: May 31, 2023
IRS mediation alternatives not used enough
<![CDATA[ The service’s alternative dispute resolution programs can be faster and cheaper than the usual appeals process, but their use fell by two-thirds over the past decade. ]]>
IFAC signs pact with International Bar Association
<![CDATA[ Separately, IFAC issued guidance on greenhouse gas reporting with the We Mean Business Coalition. ]]>
Grant Thornton lays off 300
<![CDATA[ The Top 10 Firm laid off about 3% of its staff, mostly in the advisory and tax business lines. ]]>
My passion for accounting
<![CDATA[ Career reflections from a history major turned CPA. ]]>
IRS developments to keep an eye on
<![CDATA[ Exploring a free filing system, encouraging taxpayers to take advantage of the EITC and issuing refunds for overpayments on unemployment are among the latest IRS policy stories. ]]>