PCAOB

Audit committees saw plenty of new proposals last year that could turn into final rules in 2023.

Herbein + Co. promotes 33 staff members; the IFRS Foundation appoints five new trustees; and more accounting news.

From firm splits and the entry of private equity into the field to ESG and the war for talent, these are the biggest developments in tax and accounting over the past 12 months.

They can now be kicked off U.S. exchanges after just two years, not three.

The $1.7 trillion bill contains Secure 2.0, and changes in the Holding Foreign Companies Accountable Act and conservation easement rules, but it's missing some much desired tax breaks.

The Securities and Exchange Commission voted to approve the Public Company Accounting Oversight Board's 2023 budget and annual accounting support fee ahead of the holidays.

Plus, the Institute of Internal Auditors expressed serious concerns about a recent board proposal on audit confirmations.

The new standard for audit confirmations would replace an interim standard that hasn't changed for two decades.

The board released its latest inspection reports on Deloitte & Touche, PricewaterhouseCoopers, KPMG and Ernst & Young, plus BDO USA and Grant Thornton.

The board voted yesterday that local authorities are not obstructing its ability to conduct inspections in the mainland and Hong Kong.