Featured News
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DOR releases July 2024 Wisconsin Tax Bulletin
The latest state tax bulletin from the Wisconsin Department of Revenue (DOR) outlines new tax laws, sales and use tax updates, an enforcement report and reports on litigation.
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Broker-dealer audit deficiencies on the rise, PCAOB finds
An annual PCAOB report has revealed an increase in broker-dealer financial reports with audit deficiencies.
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IRS issues more warning signs of bogus ERC claims
The IRS recently issued five new warning signs that a business has filed an incorrect claim for the pandemic-era employee retention credit (ERC).
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US GDP grew 2.8% in second quarter
The U.S. economy accelerated in the second quarter as consumers increased their spending, businesses invested more in equipment and stocked inventories, and inflation cooled.
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Survey: Many CFOs still in early phase of digital transformation
A new survey from McKinsey finds that finance teams are still in the early phase of digital transformation.
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PCAOB releases report on auditors and generative AI
The PCAOB has released a report on the impact of generative artificial intelligence (AI) on audits.
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FASB aims to improve derivative accounting
A proposed Accounting Standards Update from the FASB aims to clarify the rules of derivative accounting.
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FinCEN: BOI access will take millions of hours of paperwork
Almost 16,000 entities will spend over 8.7 million hours seeking access to beneficial ownership information (BOI) in the first year, FinCEN estimated in a new notice.
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New report outlines steps to improve risk management
The results of an annual survey found that organizations have made minimal gains in risk oversight over the past five years despite an increasingly threatening risk landscape.
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IRS updates guidance on retirement plan RMDs
The IRS and Treasury have issued final regulations updating the required minimum distribution (RMD) rules.