A comment letter sent Thursday urges the SEC, which oversees the PCAOB, to “refrain from approving” final rules issued last month that call for certain PCAOB-registered public accounting firms to ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024.

Congress did not include a delay to the beneficial ownership information reporting requirement in its government funding bill. The AICPA has been advocating for a delay.

Treasury and the IRS announced on Wednesday (Announcement 2025-2) that certain portions of future regulations finalizing proposed regulations for required minimum distributions (RMDs) for retirement ...

More than 3 in 5 business executives surveyed by the AICPA are at least contemplating the use of generative AI, signaling ...

The IRS on Tuesday released final regulations (T.D. 10019) that amend the definition of "coverage month" and amend certain other rules in existing income tax regulations regarding the computation of ...

The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.

The Financial Accounting Foundation’s review of the council, which works with FASB to support the interests of private companies in the standard-setting process, concluded that the council is serving ...

The IRS announces expansion of online accounts, including the tax pro account, as part of the quarterly update to its strategic operating plan.

The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the Service ...

The Professional Ethics Executive Committee’s guidance is related to recruiting services for attest clients, and the exposure draft includes a new definition and interpretation of simultaneous ...