Featured News
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PCAOB withdraws proposed rules on firm and engagement metrics
The PCAOB on Tuesday, Feb. 11, withdrew its request for SEC approval of rules that would have required registered firms to report a significant new set of firm and engagement metrics.
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AICPA’s Melancon named to Accounting Hall of Fame
Barry Melancon, CPA, CGMA, who retired as CEO of AICPA & CIMA in December, will be inducted into the Accounting Hall of Fame by the American Accounting Association (AAA).
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US House passes BOI reporting deadline extension
The U.S. House has passed a bill that extends the deadline for small businesses to report their beneficial ownership information (BOI) as mandated by the Corporate Transparency Act.
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Workers in different industries have differing priorities, survey shows
Respondents in a new Grant Thornton survey shared their thoughts on the latest trends in employee attitudes, desires and concerns across various sectors.
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Report: Undergraduate enrollment in accounting on the rise
New research from the National Student Clearinghouse Research Center finds that accounting enrollment increased by 12% in fall 2024, the highest since fall 2020.
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AICPA considers revising independence rules
The AICPA said Wednesday, Feb. 5, that it’s considering revising its independence rules due to the increasing prevalence of private equity investment in accounting firms.
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PCAOB issues specialist audit guidance
The Public Company Accounting Oversight Board (PCAOB) has issued new guidance for audit firms regarding the use of specialists in financial reporting and auditing.
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BOI penalties increase while reporting rules remain on hold
As legal challenges to the BOI reporting rules wind their way through the courts, inflation adjustments again increased the civil monetary penalties for violating those rules.
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Americans optimistic over economy, poll shows
A recent poll shows that Americans are increasingly optimistic about the U.S. economy, stock market and the likelihood of inflation and borrowing costs falling.
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FinCEN hints at BOI reporting changes in court filing
FinCEN said it will consider changes to the beneficial ownership information (BOI) requirements if a court grants the government request for a stay of a nationwide injunction in a Texas case.