July saw numerous important updates from the world of accounting, including CPA licensure reforms, IRS policy changes, proposals from the Financial Accounting Standards Board (FASB), oversight by the Public Company Accounting Oversight Board (PCAOB), and Securities and Exchange Commission (SEC) reporting innovation. These changes could significantly reshape compliance, reporting, and practice management, affecting the regulation, technologies, and professional standards that many companies use.
If July proved anything, it's that accounting doesn't take a summer vacation. From CPA licensure reforms and IRS policy changes to FASB proposals, PCAOB oversight, and SEC reporting innovations, the month delivered no shortage of developments that...
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