Featured News
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TIGTA says IRS should review $42B in ERC claims
A recent TIGTA report says the IRS should consider reviewing nearly 185,000 employee retention credit (ERC) claims, amounting to approximately $42 billion.
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Survey: Most finance leaders embraced new responsibilities in 2024
A recent survey of 500 finance leaders finds that a large majority of them embraced new technology-based responsibilities in 2024.
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US inflation reaches lowest point in 3 years
Inflation in the U.S. dropped last month to its lowest point since it first began surging more than three years ago, according to a new report from the Labor Department.
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Public accounting starting salaries expected to rise in 2025
A recent pay data analysis by CPA Practice Advisor forecasts a significant increase in starting salaries within the public accounting sector, with an average rise of 8.9% expected next year.
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Survey finds clients expect auditors to use AI
A new poll of finance leaders at middle-market companies finds that clients increasingly expect their audit firms to leverage artificial intelligence (AI) to aid the audit process.
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Final regulations issued on conservation easements
The IRS has issued final regulations identifying certain syndicated conservation easement transactions as “listed transactions,” which are abusive tax transactions that must be reported.
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FASB looks to update share-based payment rules
The FASB has proposed an accounting standards update to clarify guidance on share-based payments granted by entities as consideration payable to customers.
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IRS launches ‘corporate group mailbox’ pilot program
The IRS recently announced the launch of a new pilot program to enhance secure messaging for large corporations with multiple representatives during the appeals process.
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Survey: AI, security among top concerns for CFOs
A recent survey of finance executives finds that artificial intelligence (AI) and security are among the top concerns for CFOs heading into 2025.
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AICPA, NASBA seek input on proposed UAA changes
The AICPA and NASBA are seeking input on proposed changes to the Uniform Accountancy Act that would pave the way for states to adopt an additional pathway for CPA licensure.