AICPA ethics committee corrects authoritative guidance
The Professional Ethics Executive Committee updated a list of examples related to meeting independence standards when providing recruiting services for attest clients. Read More
BOI injunction lifted; FinCEN promises 30-day filing delay
A court ruling means that millions of small businesses need to be prepared to file beneficial ownership information reports. Read More
Prenuptial agreements: What financial advisers need to know
Putting in writing what happens in the event of divorce is important for high-net-worth clients especially, and with the right approach, these agreements can be created with care and respect. Read More
AICPA urges IRS to meet needs of taxpayers, preparers during filing season
"Americans deserve a fully functioning agency that can be respected by taxpayers and their preparers," a statement by AICPA CEO Mark Koziel said Sunday as IRS officials plan for cuts in federal workforce. Read More
AICPA, NASBA propose additional path to CPA licensure, individual mobility
Proposal supports a path featuring a bachelor’s degree and two years of professional experience, as well as an individual mobility model to protect the ability of a CPA to practice in multiple states. Read More
AICPA auditing board approves two exposure drafts for public comment
The AICPA Auditing Standards Board voted Thursday to separately expose for public comment proposed changes related to attestation review engagements and external confirmations in the AICPA Professional Standards. Read More
BOI reporting deadline extension passes US House
The bill, which provides a deadline of Jan. 1, 2026, for an estimated 32 million small businesses to file beneficial ownership information reports, comes as the BOI requirements are mired in court cases. Read More
Lower auto depreciation limits issued for first time in at least 3 years
The IRS issued the 2025 depreciation limitations for passenger vehicles, including those for which bonus depreciation is applied. Read More
PCAOB withdraws rules requiring extensive firm and engagement metrics
The AICPA had urged the SEC to refrain from approving the final rules, warning they would “pose significant challenges” to small and midsize firms. An AICPA statement said that the “PCAOB’s decision not to move forward with the rules is the right one.” Read More
SEC pauses legal defense of its climate-related disclosures rule
The acting SEC chair, who voted against the rule last year, cites “changed circumstances” while calling the rule “deeply flawed.” Read More
Melancon named to Accounting Hall of Fame
Barry Melancon, who retired as CEO of AICPA & CIMA in December, will be one of four inductees into the Accounting Hall of Fame in August. Read More
BOI penalties increase while reporting rules remain on hold
The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules. Read More
