International


The international auditing and assurance standards board (IAASB) of the International Federation of Accountants (IFAC) issues an exposure draft (ED) containing a proposed international standard, Quality Control for Audit, Assurance and Related Services Practices, and a proposed revised international standard on auditing, Quality Control for Audit Engagements. The proposals clarify quality control responsibilities and associated activities for firms’ internal operations and audit engagements. The ED is available at the IFAC Web site ( www.ifac.org/eds ). Comments are due August 31.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.