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News
SEC Proposes Amendments to Exchange Act Rule 3a12-8 to Add European Union Debt Obligations
2+ week, 2+ day ago (286+ words) The Securities and Exchange Commission today proposed amendments to Rule 3a12-8 under the Securities Exchange Act of 1934 to add the debt obligations of the European Union (EU) to the list of foreign government debt obligations designated as "exempted… Official websites use....
Your clients' data belongs to your clients
3+ week, 4+ day ago (573+ words) Every accountant knows the first principle of the profession, even if it's rarely stated out loud: We work in service of the business owner. The financials we prepare and the insights we deliver exist to help someone else's business succeed....
European companies double down on China manufacturing despite EU de-risking push
3+ mon, 2+ week ago (582+ words) BEIJING — More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber of Commerce in China. Nearly one-third of respondents said they were…...
Poland stands by digital services tax, rebuffing US threats
4+ mon, 16+ hour ago (463+ words) Poland will continue working on legislation to tax digital platforms, Finance Minister Andrzej Domanski said, despite threats of retaliation from the U.S. administration of Donald Trump. The legislation, which seeks to introduce a levy of up to 3% on digital platforms, has…...
IFRS Foundation updates standard-setting handbook
4+ mon, 1+ week ago (376+ words) The International Financial Reporting Standards Foundation has revised its Due Process Handbook, outlining the steps used for developing standards at the International Accounting Standards Board and the International Sustainability Standards Board overseen by the foundation. The handbook has mainly been…...
IFRS Foundation cuts costs, advances new standards
5+ mon, 1+ week ago (333+ words) The International Financial Reporting Standards Foundation cut costs and advanced global standards in 2025, according to its annual report, which also outlined goals for 2026. The report and audited financial statements for the year ending Dec. 31, 2025, highlighted progress in the work of…...
The meeting of CAS and AI
5+ mon, 4+ week ago (888+ words) CAS thought leader Kane Polakoff, the head of the client advisory services practice at Top 100 Firm CohnReznick, discusses how artificial intelligence can be integrated into CAS now — and what that intersection will look like over the long term. Yeah, thanks…...
Meta hikes fees for advertisers to cover Europe's digital taxes
6+ mon, 3+ day ago (478+ words) Meta Platforms is asking advertisers to cover the costs of digital services taxes, levies imposed by countries on local sales made by technology firms. The company emailed advertisers to inform them of new "location fees." These will apply to digital…...
Global trade confusion returns as Trump overhauls tariff toolkit
6+ mon, 2+ week ago (1292+ words) The Supreme Court's nixing of President Donald Trump's "reciprocal" tariffs is throwing fresh confusion over the raft of trade deals negotiated by global partners as the inescapable reality of ongoing levies remains a threat. The European Union is poised Monday…...
IAASB to pursue non-authoritative guidance for AI
7+ mon, 3+ day ago (305+ words) The International Auditing and Assurance Standards Board has decided to pursue non-authoritative guidance for now addressing some of the practical difficulties of applying its current standards to uses of emerging technology, like artificial intelligence. More practically, stakeholders are concerned about…...