The FASB has achieved two critical milestones with the adoption of the final chapter of its conceptual framework. This chapter focuses on measurement factors for board members to consider when setting standards. The FASB has created a baseline by anchoring measurement in prices, both entry and exit prices. This will be crucial as the profession…

A U.S. appeals court has ordered a Texas judge to reconsider his decision upholding a Biden administration rule that allows socially conscious investing by employee retirement plans. The court cited a recent Supreme Court ruling that eliminated Chevron deference, requiring courts to use their independent judgment in deciding whether agency rules are valid. The rule,…

Melanie Lauridsen, Vice President of Tax Policy and Advocacy for the AICPA, and Scott Artman, CEO of the National Association of Tax Professionals, emphasize the need for regulating tax return preparers to protect taxpayers and uphold tax preparation standards. Currently, over half of all tax filings are handled by unregulated preparers who often have higher…