After 500 internal penetration tests conducted from 2021-2023, RSM professionals found only 1.6% of organizations had no vulnerabilities at all. Most had around eight.
Day: June 21, 2024
U.S. partially suspends tax treaty with Russia
The Treasury Department provided formal notification to Russian authorities that it’s partially suspending a tax treaty as relations worsen over the war in Ukraine.
Seized digital assets don’t count as money
The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren’t monetary unless they come from a central bank.
New guidance on emergency distributions from retirement plans
Notice 2024-55 from the IRS explains exceptions to the additional tax for certain emergencies, and for victims of domestic abuse.
FASAB offers new guidance on seized and forfeited digital assets
Federal government standard setter clarifies how to apply existing standards for inventory and related property to certain digital assets.
Exceptions to penalty on early retirement plan distributions outlined
The IRS issued guidance for exceptions for emergency personal expense distributions and for domestic abuse victim distributions.
GRI CEO stepping down
Global Reporting Initiative CEO Eelco van der Enden plans to step down at the end of the year when his three-year contract concludes.