The December webcast also included updates on the AICPA Accounting Standards Review Committee’s preparation standards exposure draft and on recent FASB news.

Congress did not include a delay to the beneficial ownership information reporting requirement in its government funding bill. The AICPA has been advocating for a delay.

A comment letter sent Thursday urges the SEC, which oversees the PCAOB, to “refrain from approving” final rules issued last month that call for certain PCAOB-registered public accounting firms to ...

More than 3 in 5 business executives surveyed by the AICPA are at least contemplating the use of generative AI, signaling ...

Treasury and the IRS announced that certain portions of future regulations finalizing the proposed regulations for required minimum distributions will apply beginning in the 2026 distribution calendar ...

The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024.

Unauthorized distributions to a corporation’s shareholders did not terminate an entity’s S status since the shareholders did not authorize or create a second class of stock in the entity’s governing ...

Barry Melancon makes an impression when he talks. He honed the skill to grasp big concepts, recall details, and communicate them with poise at the dinner table growing up as the youngest member of a ...