October 2023

October 3, 2023

Some common uses for trusts

Common types of trusts that CPAs should be familiar with include grantor trusts, special-needs trusts, domestic asset protection trusts, and trusts for solo 401(k)s.

October 3, 2023

AICPA backs legislation to add accounting to STEM education

The recently introduced bills would increase awareness of accounting at an earlier age through the use of federal funding “to promote the development, implementation, and strengthening of programs to teach accounting.”

October 3, 2023

New from the IRS: Reduced fee for PTINs, updates to Tax Pro Accounts

The IRS issued rules to reduce the PTIN fee to an $11 user fee plus an $8.75 third-party contractor fee for the next three fiscal years and announced new features for Tax Pro Accounts.

October 2, 2023

New PCAOB standard addresses confirmation in the audit

The standard aims to modernize the process that auditors use to verify information via a third party about one or more financial statement assertions.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.