Accounting, tax, auditing news

Advisory panel urges sustained IRS funding, expanded AI, tax simplification

The Electronic Tax Administration Advisory Committee calls for predictable, multiyear funding; expanded use of artificial intelligence with safeguards; and steps to reduce complexity and improve communication with taxpayers and practitioners.

FASB seeks comment on hedge accounting guidance

About a quarter of callers to two IRS lines got poor service, TIGTA says

Crowe partners with private equity; Baker Tilly on the move

TIGTA: IRS reassigned staff after layoffs for filing season

PCAOB seeks comment on proposed quality control amendments

PEEC seeks input on proposed revisions to ‘public interest entity’ definition