Ernst & Young issued a major mea culpa following a failed split of the firm.
Category: NYT Accounting News
SEC ups accounting, auditing enforcement
The 83 publicly disclosed accounting and auditing enforcement actions in FY 2023 represented the highest number of actions initiated since FY 2019.
Tax relief for victims of San Diego storms, flooding
The IRS is pushing back filing and payment deadlines for those in the San Diego area who were affected.
CAMs disclosures decrease since 2020
Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.
In the blogs: Slow starts
Tax cuts losing steam; cyberattack follow-up; introducing the CSR; and other highlights from our favorite tax bloggers.
IRS reopens Direct File testing after pause
The Internal Revenue Service is reopening access Tuesday to its Direct File free online tax prep system after temporarily closing it to new users.
IRS delays Form 1042 e-file requirement
The Internal Revenue Service issued a notice granting an administrative exemption from the electronic filing requirements for the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
More money available for Low-Income Taxpayer Clinics
The IRS is particularly interested in applications covering Hawaii, Kansas, Nevada, North Dakota, South Dakota, West Virginia and Puerto Rico.
IRS donor-advised fund proposal could have ‘chilling effect’
Planners who recommend the increasingly popular charitable vehicles could face penalties for what’s currently a pretty common practice in the industry, experts say.
Mauldin & Jenkins merges in CFO Navigator
The Regional Leader has added a firm that offers financial guidance to businesses and nonprofit organizations in the Atlanta area.