| PCAOB previews audit firm inspection findings | | The Public Company Accounting Oversight Board has posted a preview of its inspection staff’s observations from 2018, describing some of the main deficiencies it uncovered for auditing firms, along with ways to improve audit quality. | |
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| Congress proposes fix to kiddie tax glitch facing Gold Star families |
By Michael Cohn 2 min read
| | A bipartisan group of lawmakers has introduced legislation to offer tax relief to children who have lost a parent serving in the military after recent reports that “Gold Star” families are facing unexpectedly heavy tax bills because of the implications of a provision in the Tax Cuts and Jobs Act. | |
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| GASB offers guidance on implementing standards |
By Michael Cohn 1 min read
| | The Governmental Accounting Standards Board has released guidance in the form of questions and answers to help state and local governments apply its standards. | |
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