Accounting, tax, auditing news

GASB proposes guidance for financial reporting model improvements

The board is accepting comments through April 27 on proposed authoritative guidance related to subsidies in Statement No. 103, Financial Reporting Model Improvements.

Senate bill targets preparers who break the law, expands IRS reforms

AICPA asks Department of Education to list accounting as a professional degree

IRS should open Trump accounts for eligible children automatically, AICPA says

AI early adopters pull ahead but face rising risk, global report finds

COSO creates audit-ready guidance for governing generative AI

GAO says tax pros helped shape IRS response to ERC issues