The IRS issued new rules giving retirement plan participants greater flexibility in choosing how to receive their pension benefits.
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FASB proposes targeted changes to hedge accounting rules
FASB issued proposed hedge accounting rules that are designed to enable a faithful representation of how an organization manages risk.
U.S. presidential election’s impact minimal on hiring, spending
U.S. finance executives are generally unfazed by the potential outcome of the presidential election.
New cyberattacks threaten tax professionals
A new wave of cyberattacks could allow criminals to take control of tax practitioners’ computers and file fraudulent returns.
Final regulations amend definitions of marriage
The IRS finalized proposed rules issued last October amending the definitions of marriage and husband and wife after the Supreme Court’s decision in Obergefell v. Hodges, which legalized same-sex marriages.
FASB releases proposed 2017 GAAP taxonomy
The taxonomy allows companies to apply computer-readable tags to thousands of pieces of financial data that are included in financial reports.
Companies plan to hire—if they can find workers
A growing number of US companies plan to hire more workers, but finding the right talent remains a concern, according to a quarterly survey of CPA executives by the American Institute of CPAs.
SEC plans to make exhibits in filings easier to access
The proposal is designed to make it easier for readers to locate exhibits referenced in those filings.
IRS fails to notify victims and Social Security Administration of identity theft cases
A report from the TIGTA found that the IRS had not notified victims or the Social Security Administration of many cases it detected of employment-related identity theft.
Continued rise projected for accountants’ starting salaries in 2017
Increases in starting salaries for US accounting and finance positions will range from 3.0% to 4.3% in 2017, according to a new salary guide.
GASB proposal seeks uniformity in accounting for early debt extinguishment
Accounting requirements for state and local governments for early extinguishment of debt would become more consistent under a proposal issued by the Governmental Accounting Standards Board.
New procedures for amending returns to claim PATH Act depreciation changes
To help taxpayers take advantage of retroactive changes enacted late last year affecting Sec. 179 property and bonus depreciation, the IRS issued rules for filing returns to take advantage of these deductions.
FASB seeks uniformity in cash flow presentation
FASB issued new rules for presenting and classifying certain cash payments and cash receipts on the statement of cash flows.
SEC asks for comments on disclosure simplification
The SEC invited input on certain disclosure requirements related to management, certain security holders, and corporate governance matters.
Due-diligence hazards for tax practitioners: The list keeps growing
From rental property expenses to worker classification to offers in compromise, the list of areas where tax practitioners must exercise due diligence keeps growing.
IRS allows self-certification for late rollovers of retirement plan funds
The IRS issued a procedure permitting taxpayers, in certain circumstances, to give an IRA trustee or retirement plan administrator a certification statement to treat a rollover as timely even if the taxpayer failed to complete the rollover within 60 days after a distribution.
PCAOB, German regulator to cooperate in oversight of audit firms
The Public Company Accounting Oversight Board will cooperate with the German Auditor Oversight Body in overseeing audit firms that operate under both regulators.
Don’t let social media envy drain your bank account
Nearly 4 in 10 social media users browse for vacations or other goods after seeing friends’ purchases online, an AICPA survey found.
GASB’s pollution remediation reporting standard meets objective, review finds
GASB’s rules for reporting on pollution mediation obligations provide for consistent, timely and complete reporting, according to a review.
Tips for implementing FASB’s not-for-profit standard
FASB recently issued its first major change to not-for-profit accounting standards since 1993. Here are tips for implementing the new standard.
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FROM THIS MONTH'S ISSUE
Right-sizing risk management
Sole practitioner or small firm? Risk management doesn’t have to be “one size fits all.” Learn how to help protect your practice without adding unnecessary admin time.
From The Tax Adviser
July 31, 2026
Current developments in S corporations
July 31, 2026
