The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.
Day: December 9, 2024
With mortgage interest deduction up in the air, here’s one reform idea
A refundable tax credit would carry the same budgetary impact but boost homeownership among lower and middle-income households, a new study says.
TIGTA helped save $6B, agency says
The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.
PCAOB posts 2025 inspection priorities
The Public Company Accounting Oversight Board will continue its inspection focus on public companies in the financial, real estate and information technology sectors.
It’s time to get your WISP in order
When you check off ‘WISP’ before the December PTIN renewal deadline, it’s critical to make sure your practice complies with the latest changes.
New guide clarifies accounting and valuation of business combinations
AICPA publication offers best practices for professionals working in accordance with a set of FASB standards related to accounting and valuations in mergers and acquisitions.
Engagement quality reviews: What auditors should know
Firms with A&A practices should be aware that the new quality management standards include changes to engagement quality reviews.
Growth in client advisory services set to continue rapid increase
Firms in CPA.com’s CAS Benchmark Survey report a significant increase in median revenue and project an increase of nearly 100% over the next three years.