4 steps to building a successful CAS practice in a traditional CPA firm

Integrating client advisory services can be challenging for a traditional CPA firm. Here are four steps to do it successfully.

SEC publishes 5-year strategic plan

Plan calls for a focus on protecting the public against fraud, implementing robust regulations, and supporting a skilled and diverse workforce.

TIGTA: Taxpayers would benefit if IRS used digital communications tools appropriately

An audit report from TIGTA says taxpayers would benefit if the IRS used digital communications tools appropriately. The IRS challenged much of the audit report, including saying that TIGTA didn’t understand some of the agency’s objectives for its digital communications program.

FASB seeks input on proposed new chapter of its Conceptual Framework

FASB is seeking comments on a proposed new chapter of its Conceptual Framework related to recognition and derecognition criteria and guidance for items’ addition to and removal from financial statements.

New year, new challenges: Preparing for sustainability disclosures

Those on the front line of the sustainability reporting landscape share what’s to come in 2023 and what accounting professionals need to know to prepare.

Proposed regulations provide guidance on foreign tax credit rules

Proposed foreign tax credit regulations provide guidance on the reattribution asset rule for purposes of allocating and apportioning foreign taxes, the cost recovery requirement, and the application of the source-based attribution requirement to withholding tax on royalty payments.

FAF publishes new strategic plan

The Financial Accounting Foundation released its new strategic plan, which outlines the strategic goals that the organization will address over the next several years.

PCAOB proposes new quality control standards

Public comments sought on quality control standards that incorporate standards established by the AICPA and the IAASB.

Congressional report criticizes contractor used by IRS during pandemic

The statement says inflated the amount of work it could provide and the amount of federal dollars lost to pandemic fraud, the latter in an effort to increase demand for its services. In his response, the CEO says he would not use such a crisis to help his company.

For the IRS to-do list: Build trust with Congress, use clearer language with taxpayers

The IRS Advisory Council issued a report Wednesday that emphasized recurring themes such as the need for consistent and multiyear funding and the importance of effective communication with taxpayers.

The Great Rebalance? Employees aren’t the only ones seeking the perfect match

Employers and employees alike are looking for sustained success in the workforce — no easy task but one that is achievable, even in tough economic times.

FASAB seeks comments on annual report, 3-year plan

The Federal Accounting Standards Advisory Board (FASAB) is seeking comments on its Annual Report for Fiscal Year 2022 and Three-Year Plan.

GASB proposes new implementation guidance

GASB issues proposed implementation guidance in the form of questions and answers intended to clarify, explain, or elaborate on certain pronouncements.

One deadline approaches for over 9 million eligible for pandemic-era benefits

In October, the IRS said it would leave Free File open for an extra month, until Thursday, so eligible taxpayers can claim their share of several benefits including the 2021 recovery rebate credit, the child tax credit, and the earned income tax credit.

Employers embrace apprenticeship program for finance business partners

AICPA and the U.S. Department of Labor sign the first three companies to a program aimed at addressing talent shortage in accounting and finance.