The people who make a living advising public accounting firms on how to grow and prosper agree on one thing: This is no time for complacency or traditional thinking.
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The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.
Despite high confidence from leaders in AI, 26% of executives said internal audits have detected AI errors that reached external audiences or the board.
The Treasury Department's Financial Crimes Enforcement Network issued a final rule permanently removing the requirement for U.S. companies and people to report beneficial ownership information.
The American Institute of CPAs asked the Treasury and the IRS to revise three of their recent notices on the corporate alternative minimum tax.
The proposed regulations clarify nondiscrimination requirements for employers offering Trump account contribution programs and dependent care assistance.
The International Financial Reporting Foundation named Steven Maijoor as the next chair of the IFRS Foundation Trustees, and Sam Woods as chair of the International Accounting Standards Board.
