Let’s see what’s in the news today.
IRS needs to plan better for modernization funding
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The Internal Revenue Service hasn’t fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.
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EY’s New Leader Leans on Rivals to Unify Firm After Failed Split
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Ernst & Young’s incoming global CEO Janet Truncale has made room for a trio of rivals on her executive team as she steers the Big Four network still healing from the trauma of its collapsed restructuring deal a year ago.
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Women CA: From just 8% in 2000, share of women CAs now 30% | India News
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India News: A recent report has revealed a significant rise in female Chartered Accountancy qualifiers, now making up 48% of pass-outs, a record high. The overall
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PCAOB fines Israeli audit firm $200K
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The Public Company Accounting Oversight Board sanctioned an Israeli auditor and her firm for violating the PCAOB’s rules in several audits, imposing a $200,000 penalty.
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Support Gels for Changes to Convertible Debt Accounting Rules
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Accountants and professional groups largely back a US accounting standard-setter proposal to clarify a complex part of convertible debt accounting rules that affects company income statements, comment letters show.
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