Regulatory Updates

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 winter, the...

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 ...

SEC UPDATES

Ripple CEO Reveals That SEC Ends Landmark Crypto Case

On March 19, 2025, Ripple Labs received a monumental victory as the U.S. Securities and Exchange Commission (SEC) announced that it was dropping its appeal in the long-standin...

IRS UPDATES

What You Need to Know About IRS Tax Relief in West Virginia

If you’re a tax professional working in West Virginia, it’s time to take a breather, the IRS just handed out a major relief extension until November 3, 2025. This isn’t ...

PCAOB UPDATES

PCAOB Tightens the Screws on Form AP

The Public Company Accounting Oversight Board (PCAOB) isn’t messing around regarding Form AP compliance. With its latest guidance, the regulator is doubling down on tran...

SEC UPDATES

Is the SEC pulling back on accounting and auditing enforcement?

The SEC has taken a sharp turn in its enforcement strategy. According to the latest Cornerstone Research Report, accounting and auditing cases plunged 46% in FY 2024, dropping to j...