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December 2025 Recap: Compliance & Regulatory Insights in 10 Mins
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Subscribe05 JAN 2026 / MONTHLY REGULATORY CAPSULE
The IRS, FASB, GASB, AICPA, and PCAOB have issued several significant regulatory updates and amendments that will shape the financial, auditing, tax, and regulatory landscape in 2026. Key announcements include the IRS's accelerated efforts to track financial crime, including tax fraud tied to digital payments, identity theft, and cyber schemes; changes to how the IRS communicates math error notices; the raising of the slot jackpot reporting threshold; and major shifts from the PCAOB on auditing and quality control systems.
December didn’t just close the calendar year; it set the tone for the year ahead. As firms roll straight from year-end close into tax season, regulators are making it clear this is not a “reset and relax” moment. The IRS is entering filing season with rec...
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