Day: April 27, 2026

The PCAOB found that audit committee chairs are increasingly turning to their auditors to understand AI’s impacts on a company’s financial reporting and controls.

The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the “portfolio layer method” when doing hedge accounting on their financial liabilities.

The AICPA and CIMA announced its new “AI Skills Accelerator,” an intensive multicourse program that provides a wide breadth of materials to build skills with AI and better understand the mindset needed to do so successfully.

The Internal Revenue Service is offering taxpayers a new option to request more time to review a disallowance of an Employee Retention Credit claim.

The House Appropriations Committee approved further budget cuts for the IRS, expanding the use of AI and data analytics to handle enforcement.