The plaintiffs who won a summary judgment that bars enforcement of the Corporate Transparency Act against them said the Financial Crimes Enforcement Network should pause beneficial ownership information reporting requirements for all businesses.
Day: March 5, 2024
PCAOB bars Colorado firm from auditing
The Public Company Accounting Oversight Board revoked the registration of Gries & Associates and its founder, while imposing a $65,000 fine for violations that led to multiple financial restatements.
In the blogs: A breather
CTA unconstitutional; AI and your practice; 30 years and counting; and other highlights from our favorite tax bloggers.
Making the write investment
As accountants, we don’t get credit for having correct punctuation and spelling, but missing those things makes you look careless and not focused on the details.
The year CAS took over
Are client advisory services the future of accounting?
Court deals a blow to BOI reporting regime
The ruling further complicates an already complicated area — the law’s mandate around beneficial ownership information reporting.
Digital assets addressed by FASAB
The Federal Accounting Standards Advisory Board issued an exposure draft focused on seized and forfeited digital assets, the latest regulatory body to add guidance related to digital assets.
The auditor’s approach to fraud: Enhanced with forensics
Professionals with forensic and fraud expertise share techniques auditors can use when completing AU-C Section 240 requirements.
Federal court holds Corporate Transparency Act unconstitutional
While acknowledging that the law is well intentioned, the opinion from a U.S. district court in Alabama said Congress lacked authority to enact the business ownership information reporting requirement.