Higher threshold for Form 1099-K reporting among AICPA priorities
In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities. Read More
AICPA Auditing Standards Board names Creps as chair
Catherine “Halie” Creps, CPA, a current ASB member and a partner at KPMG, will replace Sara Lord in May, when seven new board members begin their tenures. Read More
Private Company Council issues annual report for the first time
The council, which advocates for private companies during FASB’s standard-setting process, shares recent accomplishments and its vision for the future. Read More
PCAOB offers reporting guidance on a number of fronts
The board offers advice to public company auditors about Form AP, upcoming standards on quality control and confirmation, and in the form of free PCAOB-led forums. Read More
Auditing Standards Board releases consultation paper on its forward strategy
The ASB seeks input on the draft of its 2026–2030 strategic plan. The comment deadline is June 13. Read More
IRS to remain at full staff for at least 5 days if government shuts down
Acting IRS commissioner says the agency will use “existing appropriations” to remain open if Congress does not agree to a continuing resolution by the end of Friday. Read More
Untangling tariffs: Consumers expected to bear the brunt
The majority of companies represented in a survey said they plan to pass along most, if not all, costs created by tariffs to their customers. Read More
AICPA seeks feedback on independence rules related to private equity
In response to increasing private-equity investment in accounting firms, a Professional Ethics Executive Committee (PEEC) task force has issued a discussion memorandum related to independence rules in the AICPA Code of Professional Conduct. Read More
AICPA emphasizes importance of a modern IRS in statement
In a statement Friday, CEO Mark Koziel, CPA, CGMA, said the AICPA is discussing the state of the IRS with agency officials in the wake of layoffs. “A modern, functioning IRS is essential for Americans to meet their tax obligations,” the statement said. Read More
Domestic economic sentiment declines 20 percentage points among CPA execs
CPA executives in business and industry have lowered expectations for the U.S. economy and, to a lesser extent, their own organizations, according to a quarterly AICPA & CIMA survey. Read More
AICPA applauds Treasury’s suspension of BOI enforcement
A statement Thursday praised Treasury for "reducing regulatory burden on businesses" and said the "AICPA remains committed to appropriate anti-money laundering policies." Read More
Proposed model law changes support a new path to CPA licensure
The AICPA and the National Association of State Boards of Accountancy are seeking comments for the next 60 days on an additional CPA pathway and changes to the practice mobility model. Read More
