Accounting, tax, auditing news

LATEST NEWS

Government says Kwong court misread COVID tax relief law

In its opening brief to a federal appeals court Wednesday, the federal government said a lower court ruling in Kwong improperly turned a 60-day extension into a postponement period lasting over three years.

Driving efficiency or driving workers toward burnout? How AI is being used

IRS delayed action on thousands of high-income nonfiler cases, TIGTA says

AICPA members to vote on two proposed bylaw amendments this fall

FASB updates investment company fair value reporting standard

PCAOB finalizes simplified quality control amendments

Risk response often doesn’t match the threat or the opportunity

FEATURED ARTICLE

How small firms can start with AI, handle change

In this month’s Small Firm Q&A column, Stephanie Otero, CPA, AICPA vice president–Small Firm Advocate, provides guidance on getting started with AI, riding the waves of transformation, and focusing on the most important things.

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