Regulatory Updates

SEC UPDATES

SEC’s Paul Atkins Promises Rational Regulation for Crypto

The regulatory winds are shifting, and they’re blowing straight toward crypto. On Tuesday, Paul Atkins was officially sworn in as the new Chair of the U.S. Securities and Exchang...

FASB REPORTING

What Just Happened at FASB’s Latest NFP Reporting Meeting

The Financial Accounting Standards Board’s Not-for-Profit Advisory Committee (NAC) met on March 20, 2025, and let’s just say, they didn’t hold back. From rethinking outd...

IRS UPDATES

IRS Direct File Gets the Axe

Just when taxpayers thought filing their taxes might finally get easier and cheaper, the government hit the brakes. Hard. The Trump administration has officially put the brakes on ...

IRS UPDATES

IRS Rolls Out Tax Relief Across Tennessee and Arkansas

When life gives you tornadoes and floods, at least the IRS gives you more time. That’s right, taxpayers across all 170 counties in Tennessee and Arkansas are getting a breat...

AICPA UPDATES

AICPA Offers Input on Draft Rules for Generation-Skipping Transfers

Estate planning. For many clients, those two words conjure up images of dusty law books, confusing jargon, and enough paperwork to make a small forest weep. And let's be honest, ta...

SEC UPDATES

SEC Declares Dollar Backed Stablecoins Are Not Securities

The crypto crowd just got a little relief and a whole lot more clarity. On April 4, 2025, the SEC's Division of Corporation Finance finally broke its long-standing awkward sil...

MONTHLY REGULATORY CAPSULE

March 2025 Recap: Compliance & Regulatory Insights in 10 Mins

March brought major shifts across the regulatory map, some expected, others out of left field. The SEC hit pause on climate rules, the IRS shrank in size and service, and PCAOB fir...

PCAOB UPDATES

PCAOB Sees Clear Progress in Audit Quality Metrics

In the fast-paced world of finance, audits are like the bouncer at the club, if they let the wrong folks in, everyone pays. But for years, trust in those bouncers, the audit firms?...

SEC UPDATES

SEC Pulls Back from Climate Disclosure Rule

In a move that’s hotter than earnings day on Wall Street, the U.S. Securities and Exchange Commission (SEC) officially pulled the plug on defending its own climate disc...

IRS UPDATES

What a Shrinking IRS Really Means for Professionals

The IRS isn’t just tightening its belt, it’s dropping sizes like it’s on a crash diet. With layoffs, leadership shakeups, and hiring freezes colder than a Chicago...

PCAOB UPDATES

Recent PCAOB Sanctions on Audit Firms for Audit Failures

Sometimes the red flags aren’t hidden, they’re practically doing cartwheels in front of you. And yet, this March, some auditors still managed to walk right past them. F...

GASB REPORTING

GASB Just Dropped New Numbers on GAAP in Government Finance

If you thought GAAP was just a "because-they-have-to" kind of deal, think again. A recent study from the Governmental Accounting Standards Board (GASB) shows that even when it’s ...