Bob Scott

Bob Scott

AICPA Releases New Audit Guide

Directions The American Institute of CPAs has published , Risk Assessment in a Financial Statement Audit, a new audit guide. The guide, available in e-book format, includes a revised definition of significant risk.

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IRS: Returns Rise 13.5 percent

Tax prep glassesThe Internal Revenue Service reported the number of individual income tax returns received for its first report of the season were up 13.5 percent. The period covered ended February 3, compared to the comparable period ended Feb. 4, 2022.

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Amended Returns Get Direct Deposit

BankTaxpayers filing Form 1040-X for amended income tax returns can now have refunds directly deposited. The Internal Revenue Service announced the capability this week

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