The SEC has suggested a rule that would let public companies choose to report every six months instead of every quarter. This could lead to a big change in how companies share information.

The U.S. Department of Education has introduced a new rule that determines which graduate programs qualify as “professional” degrees for federal student loans, and accounting was left out. Leading accounting organizations have criticized this decision, saying it could make it more difficult for students aiming to become CPAs. 

Maryland has joined other states in rethinking the process for becoming a CPA. Governor Wes Moore signed a new law that creates a third option for candidates. Beginning Oct. 1, 2026, people can qualify for a CPA license with a bachelor’s degree, two years of relevant work experience, and by passing the CPA exam. 

A case now before the US Supreme Court could affect how much authority the SEC has to use disgorgement, which is one of its main enforcement tools. In Sripetch v. SEC, the Court will decide if the agency should face stricter limits when trying to recover illegal profits, especially when it is hard to identify direct victims.  

Frank Bisignano described the 2026 filing season as “the most successful filing season in IRS history.” He pointed out that more people filed electronically, refunds were faster, and new tax rules were used more often, even though the agency had fewer staff.