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Latest Articles

  • Regulators Issue Joint Statement Promising More Guidance on Cryptocurrency

    By:
    Chris Gaetano
    |
    Nov 24, 2021
    The Federal Deposit Insurance Corporation, the  U.S. Federal Reserve, andthe  Office of the Comptroller of Currency issued a joint statement saying that, come next year, there will be more guidance on the regulators' positions on various aspects of the cryptocurrency sector. 

  • PCAOB Approves $310.3 Million Budget for 2022

    By:
    Chris Gaetano
    |
    Nov 24, 2021
    The Public Company Accounting Oversight Board (PCAOB) has approved a proposed $310.3 million budget for 2022. 

  • FASB Proposal Would Replace Guidance for Creditors on Troubled Debt Restructurings

    By:
    Chris Gaetano
    |
    Nov 23, 2021
    The Financial Accounting Standards Board (FASB) has proposed dispensing with guidance for creditors on troubled debt restructurings (TDRs) entirely while, at the same time, adding new disclosure requirements for loan refinancings and restructurings made to borrowers experiencing financial difficulty.

  • Dollar Tree Now a Misnomer, as Prices Are Set to Rise

    By:
    Chris Gaetano
    |
    Nov 23, 2021
    The Dollar Tree's name is now a little less accurate, as the discount store chain will soon increase most of its prices to above a dollar. 

  • FAE Board of Trustees Nominations Due by Jan. 15

    By:
    Trusted Professional Staff
    |
    Nov 22, 2021
    If you are interested in serving on the Foundation for Accounting Education (FAE) Board of Trustees, now is the time to submit your nomination.

  • Powell Retained as Federal Reserve Chair

    By:
    Chris Gaetano
    |
    Nov 22, 2021
    President Joe Biden has decided to keep Federal Reserve Chair Jerome Powell on for another term, preferring not to rock the boat at a delicate time. 

  • US LIBOR Replacement Bill Slowed Over Tax Language

    By:
    Chris Gaetano
    |
    Nov 22, 2021
    Legislation that would enable the United States to replace the soon-to-be-defunct London Inter-Bank Offered Rate (LIBOR) has hit a snag over how the precise language of the legislation approving the new metric could affect taxes. 

  • House Passes Reconciliation Bill Funding Climate, Social Safety Net Improvements

    By:
    Chris Gaetano
    |
    Nov 19, 2021
    The House of Representatives narrowly passed the nearly-$2 trillion reconciliation package that would, if passed into law as is, lead to major changes in the tax code in order to fund investments into climate change mitigation, social safety net improvements and a bevy of other provisions. 

  • Gov. Hochul Calls on Businesses to Call Workers Back to Office

    By:
    Chris Gaetano
    |
    Nov 19, 2021
    New York Gov. Kathy Hochul called on businesses to make their workers come back to the office for at least the majority of days after the new year. 

  • NYC Comptroller-Elect Wants to End 421-a Tax Abatement

    By:
    Chris Gaetano
    |
    Nov 18, 2021
    Brad Lander, the New York City comptroller-elect, said he wants to end the 421-a property tax abatement, saying that the ostensible affordable housing provision is serving as a loophole for property developers. 
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