Regulation and compliance
Regulation
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The Internal Revenue Service has released rules with the formula that determines how much Ivy League universities and other wealthy colleges will pay under a new tax.
July 1 -
Some private educational institutions are now facing taxes on their investments under the Tax Cuts and Jobs Act.
June 28 -
The Financial Accounting Standards proposed some minor adjustments Thursday to the credit losses standard, also known as CECL because of its use of a Current Expected Credit Losses model.
June 27 -
Tongaat Hulett Ltd. said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended.
June 27 -
The case has applicability to all administrative agencies, including the IRS, and their ability to issue authoritative regulations and guidance.
June 27 -
The International Accounting Standards Board has some amendments to the standard after hearing complaints from insurers.
June 26 -
Nearly 400 companies transitioned to ASC 842 within the first six months of the effective date.
June 26 -
For the accountant who is filing a Form 5500 for a self-employed individual, it may be the job of the accountant to report beneficiary information.
June 26 -
The debate about the cap on federal deductions for state and local taxes has flipped the tables for lawmakers.
June 25 -
The board is looking for public companies to take part in a study focusing on potential improvements to the segment disclosure requirements.
June 25 -
Taxpayers wishing to participate for any calendar 2018 capital gains must act quickly.
June 25 -
The timeline is fluid, however, and could stretch on for months.
June 25 -
The House Ways and Means Committee unanimously approved a bill to allow same-sex couples who married before the Defense of Marriage Act was struck down by the Supreme Court to claim tax refunds.
June 24 -
Many audit teams are neglecting to implement new technologies that could reduce the time needed for SOX audit requirements.
June 24 -
A U.S. House committee approved a package of bills that provide tax breaks for a variety of select industries and constituencies, kicking off what’s likely to be a protracted negotiation with Senate Republicans over whether and how to pay for them.
June 21 -
The chief pointed to his own history as a tax attorney, while reminding tax pros that the IRS is watching from the compliance and enforcement side.
June 20 -
Howitt led the group that has promoted integrated reporting for three years and promulgated the model worldwide.
June 20 -
The Treasury Department has narrowed the reach of a new tax aimed at technology and pharmaceutical companies with overseas income, wiping out an unintended consequence of President Donald Trump’s 2017 tax overhaul.
June 20 -
Data has always been the cornerstone of an accurate and compliant allowance for loan and lease losses (ALLL), and it will remain critical under the current expected credit loss model, or CECL.
June 19 -
Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House and President Donald Trump’s trade policies.
June 19
















