PCAOB looks back over last year amid board overhaul
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The PCAOB released its 2021 annual report, highlighting its main accomplishments as it transitioned to a mostly new board, and more of today’s top stories.?
PCAOB chair Erica Williams, who was sworn in this January, described the board’s accomplishments in an introduction to the report.?
In other news today:
Accounting-related securities class-action lawsuits filings and settlements declined sharply last year, reversing a three-year trend.
Elizabeth Warren and Judy Chu want to know why those making less than $25,000 are audited more often than those making more than $200,000.
The agency is reaching out to QOFs that were missing or otherwise lacking in information.
The service updated its FAQ on the credit, with additional information on receiving it on a 2020 tax return.
The projections foreshadow a sharp increase in corporate tax collections because of a pact between nearly 140 countries to implement a 15% minimum rate.
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