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

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.

Read the latest digital edition