The regulations would terminate the continued application of the Sec. 367(d) annual inclusion in certain cases when intangible property is repatriated to the United States after previously being transferred to a foreign corporation
Category: AICPA News
IRS returns to in-person public hearings; telephone still an option
With COVID-19 no longer considered a national emergency, the IRS will return to public hearings for proposed regulations published in the Federal Register beginning in May while keeping telephone access as an option.
How the Financial Accounting Foundation plans to strengthen oversight
The organization’s latest effort provide a more convenient way for stakeholders with questions about due process in standard-setting to voice their concerns.
Grow your firm with intention
It’s time to question whether growth is always a good thing. Growth for growth’s sake shouldn’t be the goal.
NASBA approves one-year extension to CPA Exam window
CPA candidates will now have 30 months to complete the CPA Exam once they pass the first section, pending adoption of the amendment by state boards of accountancy.
Sustaining the workforce: How sustainability can help the cause
Company leaders leaning into the opportunity presented by the evolving ESG landscape share their success stories during the 2023 Future of Finance Virtual Summit.
Werfel: IRS will audit individuals under $400K at 2018 rates
The new IRS commissioner tells the Senate Finance Committee the rate will be taken from the 2018 data because that’s the most recent year for which the IRS has final audit numbers.
New PCAOB report reviews SPAC-related audits
The report analyzes more than 100 audits of special-purpose acquisition companies and recommends several takeaways for auditors.
PCAOB reveals priorities for 2023 inspections
The board will continue to pay particular attention to financial services and broker-dealer audits while reminding all auditors to be vigilant when it comes to fraud-related risks.
Nothing left to chance: The life of a lottery auditor
Auditors are accustomed to working with numbers and moving targets, but a select few work with numbers on bouncing balls.