Monthly Archives: July 2018

On July 24, 2018, House Republicans released their outline of Tax Reform 2.0. Interestingly, the outline commits to improving the tax code every year and likens the process to upgrading apps on a phone. Three main points are discussed. Making the individual and small business tax cuts of the Tax Cuts & Jobs Act permanent […]

The much anticipated revision to the Yellow Book has arrived and is available at Some examples of changes contained in the 2018 Yellow Book include: The formatting of the new Yellow Book clearly differentiates the requirements from the application guidance. The new Yellow Book adds clarification in the area of independence particularly when auditors […]