North Carolina Association of CPAs names next CEO; Weaver promotes 17 to partner; and other news from across the profession. 

After 500 internal penetration tests conducted from 2021-2023, RSM professionals found only 1.6% of organizations had no vulnerabilities at all. Most had around eight.
The Treasury Department provided formal notification to Russian authorities that it’s partially suspending a tax treaty as relations worsen over the war in Ukraine.
The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren’t monetary unless they come from a central bank.
Notice 2024-55 from the IRS explains exceptions to the additional tax for certain emergencies, and for victims of domestic abuse.
Global Reporting Initiative CEO Eelco van der Enden plans to step down at the end of the year when his three-year contract concludes.
Plus, North Carolina Association of CPAs names next CEO; Weaver promotes 17 to partner; and other news from across the profession.
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