Accounting, tax, auditing news

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FASB seeks comment on fair value reporting proposal

FASB published a proposed Accounting Standards Update to improve investment company financial reporting by amending how investment companies measure the fair value of an equity security that is subject to a contractual sale restriction.

IRS seeks examples of incorrect CP53E notices

IRS offers gift tax safe harbor for contributions to Trump accounts

Standardization of sustainability reporting improves, but obstacles remain

IRS outlines AI risks, Circular 230 duties for tax practitioners

PCAOB seeks comment on standard-setting and research

Advocate: IRS had strong filing season for online taxpayers, weaker one for others

FEATURED ARTICLE

Accountancy in America: Meeting the moment for 250 years

As the United States celebrates its semiquincentennial, explore the history of the accountancy profession’s essential role in the U.S. economy.

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