In working toward finalizing a reporting system and rules, the Public Company Accounting Oversight Board today pushed back the 2007 deadlines for the first round of annual reports to be filed and registration fee payments by accounting firms. Last May, the audit watchdog proposed that the first annual reports would need to be filed by June 30, 2007, with the first annual fee payment due by July 31, 2007. However, since the board had not finalized its rules and forms for either, it said it would push back both to as-yet-undetermined deadlines. The board said that once the rules become final, it would give registrants enough lead time to comply.
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The shift will happen gradually starting this summer until December, when QBOA will be discontinued.
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The new Pilot AI Accountant claims to run the entire bookkeeping and financial reporting process with zero need for human intervention.
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The tax-filing season for individuals just opened recently, but businesses already got a head start on various tax incentives in the One Big Beautiful Bill Act.
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PCAOB adds to advisory groups; Schneider Downs transitions to single CEO structure; and more news from across the profession.
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The Top 75 Firm acquired D & Co., expanding its presence in Texas and strengthening its healthcare specialty.
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Plus, Sage rolls out AI enhancements for reporting, AP, sales; Datarails launches Spend Control solution for contract visibility.
February 6





