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Your Daily Accounting Briefing – 2024-03-14

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Let’s see what’s in the news today.

House Committee Advances Bill to Repeal SEC Crypto Accounting Guidance

On Thursday, February 29, 2024, the House Financial Services Committee advanced a bipartisan bill that would undo accounting guidance for cryptocurrencies issued by the U.S. Securities and Exchange Commission (SEC). The bill aims to repeal SEC Staff Accounting Bulletin 121, which directed banks to record digital assets held in custody on their balance sheets.  Read more  »

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Crown Agents plans layoffs amid ‘accounting losses’ claim

United Kingdom-based international development company insists “critical work” will continue and that it will not withdraw from Ethiopia or Zambia “at this stage.”

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Insider Sell: VP, Chief Accounting Officer Chad Winters Sells Shares of West Pharmaceutical Services Inc (WST)

West Pharmaceutical Services Inc (NYSE:WST), a global leader in the design and production of containment and delivery systems for injectable drugs and healthcar

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IRS officially launches Direct File free tax filing program

The pilot program is expanding in the 12 states where it’s available.

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‘Trust gap’ widens between execs and employees, customers

Company leaders think their employees and customers trust them more than they actually do, according to PwC’s Trust Survey.

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