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California lawmakers appear willing to put aside skepticism about economic benefits of the state’s film and television tax credits and to expand the program, mainly to stanch the flow of productions to places with more generous tax breaks. More than 130 Democrats are condemning the Trump administration’s firing of thou
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UK Floats Corporate Reporting Cuts After Binning Audit Revamp
4+ day, 3+ hour ago (117+ words) news.bloombergtax.com The UK government proposed simplifying corporate reporting for mid-sized companies, including exempting more of them from required financial statement audits. The suggestion was part of a Department for Business, Innovation, Science and Trade consultation launched Monday to…...
Accounting Board Newcomer Prioritizes Streamlining US Guidance
1+ week, 5+ day ago (111+ words) news.bloombergtax.com The US accounting board’s newest member says she will prioritize corporate and investor feedback as the rulewriter takes up some of the most pressing topics in financial reporting, from crytocurrency to private credit. Nearly two months into…...
US Audit Board Floats Framework for Quality Inspections Overhaul
2+ week, 5+ day ago (110+ words) news.bloombergtax.com The US audit board on Monday offered a preview of possible changes to its public inspection reports that detail quality lapses of individual firms based in the US and around the globe. The report mock-up was packed…...