A comment letter sent Thursday urges the SEC, which oversees the PCAOB, to “refrain from approving” final rules issued last month that call for certain PCAOB-registered public accounting firms to ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024.

Treasury and the IRS announced on Wednesday (Announcement 2025-2) that certain portions of future regulations finalizing proposed regulations for required minimum distributions (RMDs) for retirement ...

A delay to Jan. 1, 2026, for beneficial ownership information reporting had been included in a proposed government funding bill that has now collapsed. The AICPA has been advocating for a delay in the ...

The Financial Accounting Foundation’s review of the council, which works with FASB to support the interests of private companies in the standard-setting process, concluded that the council is serving ...

The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.

More than 3 in 5 business executives surveyed by the AICPA are at least contemplating the use of generative AI, signaling ...

While the new QM standards will not change the peer review process itself, they will affect the questions and inquiries firms receive from reviewers and on management responsibilities, said Jim ...

The IRS on Tuesday released final regulations (T.D. 10019) that amend the definition of "coverage month" and amend certain other rules in existing income tax regulations regarding the computation of ...

The IRS announces expansion of online accounts, including the tax pro account, as part of the quarterly update to its strategic operating plan.

The Professional Ethics Executive Committee’s guidance is related to recruiting services for attest clients, and the exposure draft includes a new definition and interpretation of simultaneous ...