Accounting, tax, auditing news

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

TIGTA found the IRS spent $4.8 billion in Inflation Reduction Act funds, which were intended to supplement its annual appropriation, on labor and IT to keep the 2025 tax season on track.

Americans’ financial optimism edges higher, but worries remain

SEC accepting Professional Accounting Fellow applications

PCAOB seeks comment on strategic priorities

IESBA to assess need for standards on alternative practice structures

IRS watchdog cites resource limits, duplication in partnership audits

How listening is shaping ‘incredible’ year for AICPA Chair Lexy Kessler