Accounting, tax, auditing news

LATEST NEWS

FASB updates investment company fair value reporting standard

The amendments address stakeholder concerns that current GAAP guidance doesn’t consider a contractual restriction on the sale of an equity security when measuring the fair value of that security.

PCAOB finalizes simplified quality control amendments

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

AICPA seeks IRS clarity on AI guidelines, CPA fees

CFO hires increasing; average age of hires decreasing

Congress approves funding bill that maintains IRS budget

Confidence in U.S. economy rises despite inflation concerns

FEATURED ARTICLE

A CPA playbook to help prevent disaster fraud

On top of the havoc they cause, natural disasters attract fraudsters who increasingly wield AI tools. Find out how CPAs can help well-intentioned donors and clients dealing with natural-disaster damage spot scams before they lose money.

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