News
On the move: EisnerAmper hires health care leader
1+ hour, 39+ min ago (134+ words) The Internal Revenue Service confirmed Treasury Secretary Scott Bessent's term as acting IRS commissioner has expired, although he will continue to oversee it. The Audit Practitioner Fellowship Program will allow auditors to share their expertise with PCAOB staff. Plus, Digits…...
Hong Kong to expand 'name and shame' list to IPO lawyers and auditors
4+ hour, 6+ min ago (500+ words) Hong Kong plans to expand its "name-and-shame" regime for sloppy listing applications to include law firms and auditors, stepping up a campaign to improve the quality of initial public offerings in the city. Under a new Enhanced Return Mechanism proposed…...
Bessent no longer acting IRS commissioner
4+ hour, 2+ min ago (180+ words) The Internal Revenue Service confirmed Friday that Treasury Secretary Scott Bessent's term as acting IRS commissioner has expired, although he will continue to oversee the IRS as part of his duties running the Treasury Department. Bessent became acting commissioner of…...
How To Reduce Taxes In FY26: Experts Suggest NPS, Real Estate & Tax-Loss Harvesting Strategies
12+ hour, 2+ min ago (520+ words) With the financial year 202526 nearing its close, taxpayers are looking for ways to optimise taxes under the new tax regime. While the regime has limited many traditional deductions, experts say individuals can still reduce their tax burden through strategic salary…...
AI hiring is now a legal risk. Are you up to speed?
3+ hour, 34+ min ago (709+ words) When used correctly and ethically, artificial intelligence can be a huge help to overburdened hiring managers and HR teams when resumes and interview dates start stacking up." The complaint argues that Eightfold AI produced hidden candidate "scores" used by major…...
Inside JPMorgan Chase's push to become the startup world’s new Silicon Valley Bank
7+ hour, 21+ min ago (893+ words) Three years ago, JPMorgan Chase executive Doug Petno was at a New York City party celebrating a colleague's retirement when his boss, Jamie Dimon, called Petno over. It was March 9, 2023, and the customers of a West Coast lender known for…...
Income-Tax Notice In Your Inbox? Here’s Why Authorities Say You Should Be Careful
16+ hour, 23+ min ago (277+ words) The Income-tax Department has warned taxpayers about fraudulent emails circulating online that falsely claim to be official notices for Assessment Year 202526. Authorities said these emails typically ask recipients to click on a link to view an "Assessment Order" or make…...
Canada posts first audit firm inspection reports
1+ day, 2+ hour ago (184+ words) The Canadian Public Accountability Board published individual auditing firm inspection reports for the first time, marking a significant milestone in the evolution of the board's public disclosure practices." "Today's achievement represents an important step forward in CPAB's commitment to transparency,…...
Democrats introduce bill to eliminate or reduce income taxes
21+ hour, 43+ min ago (168+ words) A group of Senate and House Democrats introduced legislation Thursday that would eliminate federal income taxes for Americans who earn less than $46,000 and reduce income taxes for those making between $46,000 and $80,500 per year. PCC chair Jere Shawver is on a…...
FASB's Private Company Council aims to raise profile
19+ hour, 57+ min ago (694+ words) Jere Shawver, the chair of the Private Company Council that advises the Financial Accounting Standards Board, is on a mission to increase awareness of the group that represents the perspectives of privately held companies and attract greater participation from its…...