The accounting snarls add to the struggling electric-vehicle maker’s issues with cash burn and sluggish auto sales.
Day: April 30, 2024
Automatic accounting method changes list updated by IRS
The IRS on Tuesday provided a comprehensive list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13 apply. The list includes 21 changes described as significant.
Root cause analysis: Auditor tool gaining traction on multiple fronts
A new PCAOB report highlights how audit quality can be improved by root cause analysis — an approach the federal board eventually could require and one addressed in new AICPA quality management system standards.
Congress considers how to fix the CTA
A hearing on Capitol Hill reveals some of the problems with the act, and why we may see ‘massive’ noncompliance.
In the blogs: Disclosure and discord
Welcome, 1099-DA; moving out and moving on; not all CRM is alike; and other highlights from our favorite tax bloggers.
PCAOB recommends root cause analysis
A staff report from the Public Company Accounting Oversight Board recommends digging into the factors underlying firm deficiencies.
ISSB releases digital sustainability taxonomy
The International Sustainability Standards Board published a new taxonomy to help investors analyze sustainability disclosures.
Forgoing marriage? Estate planning for unmarried couples
Unmarried, cohabiting couples experience the same joys and challenges as married couples but without marriage’s legal entanglement. The lack of legal standing, however, means estate planning requires more thought and action.