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Gov. Hochul Signs Non-CPA Ownership Bill into Law
Read the May/June Issue
IRS to Waive $1B in Some Late Payment Penalties
2024 to Be a Demanding Year for Internal Auditors
SEC OKs Audit Confirmation Standards

Latest Articles

  • Pennsylvania Poised to Expand CPA Licensure Pathways

    By:
    Emma Slack-Jorgensen
    |
    Jun 27, 2025
    Pennsylvania is on the brink of reshaping how future CPAs can enter the profession. On Thursday, the state House of Representatives unanimously approved legislation creating a second licensure path, adding flexibility to the traditional 150-hour route.

  • IRS Faces Ongoing Backlog in Identity Theft

    By:
    Emma Slack-Jorgensen
    |
    Jun 26, 2025

    The IRS continues to face major challenges in resolving identity theft-related tax return issues. As of April 15, roughly 387 identity theft cases remain unresolved, with average resolution times stretching to nearly 20 months. 

  • Taxpayer Advocate Flags Staffing Cuts and Suggests Tech Upgrades Ahead of 2026 Filing Season

    By:
    Emma Slack-Jorgensen
    |
    Jun 26, 2025
    The National Taxpayer Advocate’s latest report to Congress paints a mostly positive picture of the 2025 tax filing season, but warns of real risks ahead. 

  • IRS Criminal Investigation Shifts Focus Amid Budget Cuts and Changing Priorities

    By:
    Emma Slack-Jorgensen
    |
    Jun 25, 2025

    The IRS Criminal Investigation unit is shifting its focus. While its resources and staffing grew significantly between 2019, thanks in part to a $201 million budget increase, its investigative focus has shifted. According to a recent Treasury Inspector General for Tax Administration report, traditional tax fraud cases have declined slightly in proportion, even as overall investigations have grown. 

  • GASB Offers Guidance for Stakeholders Applying Its Pronouncements

    By:
    Karen Sibayan
    |
    Jun 24, 2025
    The Governmental Accounting Standards Board on Jun. 23  issued implementation guidance in the form of questions and answers meant to clarify and elaborate on certain GASB pronouncements.

  • Baker Tilly and Moss Adams: It’s Not About Getting Bigger

    By:
    Emma Slack-Jorgensen
    |
    Jun 24, 2025
    When two Top 25 firms merge, size is the obvious headline. But for Baker Tilly and Moss Adams, the story isn’t about getting bigger, it’s about getting better. 

  • PCAOB's Shutdown Faces Challenge in Senate

    By:
    Karen Sibayan
    |
    Jun 23, 2025
    Despite GOP lawmakers' proposal to shut down the PCAOB and fold its function into the SEC, the Senate parliamentarian determined that including the provision in a larger tax bill is against budget reconciliation rules.

  • Regulatory Roundup: June 17- 23

    By:
    Karen Sibayan
    |
    Jun 23, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.

  • AICPA Makes a Nod to Senate for Its Efforts to Improve House Bill

    By:
    Karen Sibayan
    |
    Jun 20, 2025
    After the Senate released the reconciliation bill, the AICPA has enumerated the specific provisions that it supports. The Senate bill includes several provisions that the AICPA has previously supported.

  • Lawyers Warn That Splitting DOJ's Tax Division Would Lead to Weaker Enforcement

    By:
    Karen Sibayan
    |
    Jun 18, 2025
    The Department of Justice's proposal to split its tax division is  another indication that enforcement will decline, lawyers warned
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