Crowe "Weekly focus: A Cautionary Tale for Taxpayers"

Top Crowe insights for the week – 7/16/2023 
01   Court rules on when a return is treated as filed

Learn about new implications for a court decision affecting taxpayers that do not file their returns with the correct IRS service center. (Short read)

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02   FASB proposes acquired financial asset reporting changes

A new FASB proposal would affect how entities initially record an allowance for credit losses (ACL) on acquired financial assets. (Long read)

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03   A timeline of leaps in external audit technology

Audit technology has changed rapidly since 2011, giving auditors and companies deeper insights to support audit quality. This interactive timeline details each milestone. (Short read) 

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04   IRS advice on name, image, and likeness (NIL) collectives

New collectives are emerging to support the rise of student athletes. What are the tax implications for such an organization? (Short read)

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05   5 steps for selecting an enterprise resource planning (ERP) system for your business

New ERP system implementation is a big investment of time and resources. Choose the right one with the help of this guide. (Moderate read)

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Upcoming events 
  
  
Webinar July 18
Tax treatment of R&D costs

Crowe tax professionals review new IRC Section 174 rules and provide practical ways for addressing issues. 
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NEWLY ADDED | Webinar July 18
How to budget during uncertainty

Crowe leaders discuss how to create more agile, responsive, and streamlined annual budgets that consider economic uncertainty. 
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Event July 19, 26, and other dates
2023 Crowe summer CPE series for financial services companies 

Focus on creating and strengthening business value at our events across the country. Earn up to 4.0 hours of CPE credits. 

July 19, Baltimore, MD | Orioles vs. Dodgers game 
July 26, Frankfort, KY | Castle & Key bourbon tasting 
  
  
Webinar July 20
Leveraging a GRC platform to align your life sciences operational risk management

During our 2023 governance, risk, and compliance (GRC) series, learn how technology can improve and streamline risk management. 
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Webinar July 20
2023 credit union midyear update

Identify predominant risk, compliance, cybersecurity, and accounting issues for planning and strategizing your Q3 and Q4. 
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NEWLY ADDED | Webinar July 25
Model risk and model validation

Get a high-level view of recent regulatory guidance and emerging risks regarding model risk management. 
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