The $1.7 trillion bill contains Secure 2.0, and changes in the Holding Foreign Companies Accountable Act and conservation easement rules, but it's missing some much desired tax breaks.
Public Company Accounting Oversight Board, PCAOB, secured complete access to inspect and investigate audit firms in China. SEC identified over 170 companies as issuers that have retained public accounting firms located in a foreign jurisdiction the PCAOB is unable to inspect.
The Securities and Exchange Commission voted to approve the Public Company Accounting Oversight Board's 2023 budget and annual accounting support fee ahead of the holidays.
The FRC said that information received so far does not point to "systemic" cheating, but improvements were needed to how exams and course work are assessed and invigilated. A number of the cheating instances related to projects apprenticeship accountants must submit to professional bodies, alongside their professional qualification.