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Category: NYT Accounting News
IRS offers guidance on ERC changes under OBBBA
The Internal Revenue Service fact sheet answers questions about the impact of the One Big Beautiful Bill Act on the processing of Employee Retention Credits.
IRS plans rules on borrow fees for securities
The proposed regulations will provide a rule for determining the source of borrow fees paid in securities-lending transactions and sale-repurchase transactions.
Wolters Kluwer rolls out AI enhancements for audit, client collab
New AI-powered features for client collaboration and audit engagements are available in CCH Axcess.
Tackling fraud in the age of AI-generated receipts
AI tools can generate receipts that are indistinguishable from authentic ones, complete with accurate logos, barcodes and subtotal math.
IRS limits services during shutdown
The Internal Revenue Service spelled out some of the services that will be limited or unavailable during the government shutdown.
Groups unveil International Non-Profit Accounting Standard
A new international accounting standard for nonprofit organizations has emerged, drawing on the work of established standard-setters.
BlackRock joins Exxon in backing new CO2 accounting model
The Carbon Measures initiative will support the development of a ledger-based framework that is similar to what exists in traditional financial accounting.
AuditBoard announces “Accelerate” AI, Fairnow buy
Audit and GRC solutions provider AuditBoard announced the launch of Accelerate, its new AI solution designed for risk teams, as well as its acquisition of AI governance solutions provider Fairnow.
NASBA redesigns CPA lookup tools
The National Association of State Boards of Accountancy has revamped its CPAverify.org and ALD.nasba.org websites with a new design and more features.