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Despite previous assurances that buyouts and layoffs would not take effect until after tax season, the IRS is reportedly preparing to lay off thousands of first-year probationary employees. These cuts come as part of the Trump administration’s broader federal workforce reduction efforts.
The AICPA and NASBA are advancing proposed changes to Uniform Accountancy Act (UAA), introducing another alternative path to CPA licensure that allows candidates to qualify with a bachelor’s degree plus two years of experience. This proposal aims to address workforce shortages while maintaining professional integrity and public protection. The associations are soliciting feedback on the proposed UAA language with a comment period lasting 60 days.
Mark Uyeda, acting chair of the Securities and Exchange Commission, took action on the Enhancement and Standardization of Climate-Related Disclosures for Investors rule adopted by the SEC on March 6, 2024.