IRS news.

The Dirty Dozen

Economic Impact Payment theft, phishing and fake charities are among the scams the IRS is warning taxpayers and tax professionals to be aware of in its annual Dirty Dozen tax scam list.

The 2021 list is separated into four categories:

* Pandemic-related scams, like Economic Impact Payment theft;

* Personal information cons, including phishing, ransomware and phone "vishing;"

* Ruses focusing on unsuspecting victims, like fake charities and senior/immigrant fraud; and

* Schemes that persuade taxpayers into unscrupulous actions, such as Offer In Compromise mills and syndicated conservation easements.

The IRS compiled the list based on who perpetuates the schemes and who they impact. Read more at irs.gov/newsroom/dirty-dozen.

AICPA News

Study Reveals Lack of Standardization in Sustainability Assurance

Global practices for sustainability reporting and assurance over that information--including the prevalence of assurance, level of assurance and standard and practitioner used--varies widely by jurisdiction, according to a new study from the International Federation of Accountants, the AICPA & CIMA.

The new study provides a comprehensive global picture of the status of sustainability reporting and related assurance.

As the drive toward a global system for sustainabilityrelated reporting continues, investors, regulators and policymakers are turning their attention to the important role of assurance in promoting high-quality reporting, With the growing importance of--and reliance on--sustainability information, low-quality assurance is an emerging investor protection and financial stability risk.

See the survey at calcpa.org/AICPASustainability.

IT'S BACK! CalCPA

Leadership Institute

Let's talk leadership development,

Do you know your leadership style? Can you identify different forms of leadership? What are the best ways to manage people and navigate change? That's just a sampling of what you'll learn as a CalCPA Leadership Institute participant. This five-day program is open to all CalCPA members looking to grow as business and volunteer leaders and enhance their leadership and management skills.

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