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News
A case study on ILITs: What went wrong, how to fix it, and best practices for prevention
4+ mon, 1+ week ago (21+ words) In estate planning, taxpayers and their advisers may overlook the potential generation-skipping transfer tax implications of irrevocable life insurance trusts....
PCAOB to tighten its belt in 2026
8+ mon, 3+ week ago (643+ words) In a meeting on Friday, the board members of the Public Company Accounting Oversight Board voted to approve a 2026 budget of $362.1 million — a 9% decrease from 2025. In presenting the budget, acting chief operating officer Randy Thornton explained that, while the 2026 proposal…...
PCAOB bars EY Peru audit partner
11+ mon, 5+ day ago (225+ words) Daniel Carpio Diaz, a former audit partner in the Lima, Peru, office of Tanaka, Valdivia, Arribas & Asociados Sociedad Civil de Responsabilidad (EY Peru), was fined $50,000 for violations related to the full scope component audit of Gilat Networks Peru, a Latin…...