Tax, accounting, auditing news - Journal of Accountancy

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CFO hires increasing; average age of hires decreasing4 days

At the midpoint of 2026, the average age of CFO hires at large companies stood at 48.2 years old, the youngest average age in at least a decade.

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Congress approves funding bill that maintains IRS budget4 days

A stopgap funding bill headed to the president would maintain the IRS’s $11.2 billion annual budget through Dec. 11 and prevent a second $11.6 billion funding rescission for now.

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Confidence in U.S. economy rises despite inflation concerns5 days

Optimism among CPA decision-makers about the coming 12 months edges up in the quarterly AICPA and CIMA Economic Outlook Survey.

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FASB proposes several incremental improvements to GAAP6 days

In addition to language tweaks, the proposed Accounting Standards Update includes clarifications related to estimates of expected credit losses and several other topics.

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IRS enforcement activity fell despite record tax collections, TIGTA says1 week

Individual audit starts fell 30% in fiscal 2025, including a 27% drop among taxpayers with income above $400,000, as IRS staffing levels declined, TIGTA said.

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Tax, accounting, auditing news - Journal of Accountancy

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