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SEC OKs Audit Confirmation Standards

Latest Articles

  • AICPA Approves Audit Confirmation Standard

    By:
    Emma Slack-Jorgensen
    |
    May 15, 2026
    The AICPA has approved an updated auditing standard intended to modernize how auditors obtain evidence through external confirmation procedures, reflecting the growing use of digital systems and third-party intermediaries in the audit process. 

  • New York Considering New Tax on Homes over $1M Purchased with Cash

    By:
    Emma Slack-Jorgensen
    |
    May 15, 2026
    New York lawmakers are considering a new tax on all-cash home purchases over $1 million as part of ongoing state budget negotiations tied to New York City’s growing fiscal pressures. 

  • IRS Creates Issue Ruling Program

    By:
    Emma Slack-Jorgensen
    |
    May 14, 2026
    The IRS has started a new program that allows corporate taxpayers to request official guidance on complex tax questions about transactions. 

  • PCAOB asks for Public Feedback on Standard-Setting Agenda for the First Time

    By:
    Emma Slack-Jorgensen
    |
    May 14, 2026
    The PCAOB plans to ask for public feedback on its standard-setting agenda for the first time. This move shows a new focus on transparency and involving stakeholders, led by Chairman Demetrios Logothetis. 

  • SEC Proposal Would Give Public Companies Option for Semiannual Reporting

    By:
    Emma Slack-Jorgensen
    |
    May 7, 2026

    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.

  • Education Department Excludes Accounting from ‘Professional’ Degree Classification

    By:
    Emma Slack-Jorgensen
    |
    May 7, 2026

    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 Expands CPA Licensure Pathways in Push to Address Talent Shortage

    By:
    Emma Slack-Jorgensen
    |
    May 5, 2026

    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. 

  • Accounting Firms Speed Up AI Adoption with Different Approaches

    By:
    Emma Slack-Jorgensen
    |
    May 5, 2026
    AI is rapidly changing the accounting profession, while firms of all sizes use AI to work faster, cut costs, and lower risks. Despite some firms moving faster than others, AI has become a key part of daily work and client service.  

  • Supreme Court Case May Change SEC’s Power to Recover Profits

    By:
    Emma Slack-Jorgensen
    |
    Apr 21, 2026

    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.  

  • FASB Moves to Clarify Digital Asset Accounting and Stablecoin Treatment

    By:
    Emma Slack-Jorgensen
    |
    Apr 21, 2026
    The Financial Accounting Standards Board (FASB) is updating how digital assets are treated under US GAAP.
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