The American Institute of CPAs has published a
The new guide, available as in eBook and print format, provides interpretative guidance and implementation strategies for all preparation, compilation and review engagements. It aims to help practitioners establish best practices, including practice tools and resources to assist with compliance, and discusses independence and ethics requirements.
In a related development, the AICPA has launched a
The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.
Sens. Cassidy and Warren teamed up to introduce legislation aimed at making math error notices from the IRS easier to understand.
A recent experiment tested different generative AI models against each other on the CPA Exam and found they each have their own strengths and weaknesses.
Firms must transform their business models to afford the cost of multilayered retention strategies, a new report by the Pennsylvania Institute of CPAs says.
The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.
Turns out clients are as mistaken about tax preparers as they are about taxes.
