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More winners and losers from the Trump tax bill

Accounting Today

The credits for renewable fuel under Section 45Z were supposed to end in 2027, but this bill extended those credits through 2029." They really were targeted. But renewable fuel actually got a benefit. That includes renewable diesel fuel and other types of fuel that can be produced with zero emissions. Thats still good through 2032.

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Pros and cons of the Big Beautiful Bill

Accounting Today

Its a temporary increase, and will continue to increase every year until 2029. By Michael Cohn 2h ago Audit IAASB revises auditor fraud standard The International Auditing and Assurance Standards Board has revised its standard on the auditors responsibilities relating to fraud.

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Senate Republicans plan major revisions to Trump tax bill

Accounting Today

Read more: " What the House gave the Senate: Inside the Big Beautiful bill. ") The Senate Finance Committee is widely expected to propose extending three business tax breaks that expire after 2029 in the House version to order to make them permanent.

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How the CPA, CMA and EA Credentials Have Become Global Designations

CPA Practice

The increased need for accountants and auditors is driven by factors such as globalization, an expanding economy, and a complicated tax and regulatory environment. In general, it is anticipated that the expansion of the accounting and auditing professions will be directly correlated with the state of the entire economy.

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Monday Morning Accounting News Brief: Details on Grant Thornton’s PE Deal; What Is ‘Presented Fairly’ Anyway? | 5.13.24

Going Concern

We have further clarified that this responsibility provides the foundation for an objective and independent audit. We included additional clarification that an auditor’s professional skepticism extends to other information that is obtained to comply with PCAOB standards and rules. PCAOB Chair Erica Y.

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Erica Williams Gets Second Term as PCAOB Chair

CPA Practice

The Securities and Exchange Commission (SEC) has reappointed Erica Williams to a second term as chair of the Public Company Accounting Oversight Board (PCAOB), a move that signals stability at the audit regulator following the dismissal of its previous chairperson by SEC Chair Gary Gensler three years ago. 24, 2029, the SEC said on Tuesday.

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