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IRS Revives Form 1099-NEC for Nonemployee Compensation (Accounting Today) - Since 1983, the IRS has required businesses to instead file Form 1099-MISC for contract workers and freelancers. The revival of Form 1099-NEC is part of an effort mandated by Congress in the PATH Act of 2015 to require businesses to file information returns... ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES A Closer Look at Threats to CPA Licensure (JofA) - Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected. Guests are Skip Braziel, vice presidentâState Regulatory & Legislative Affairs at the AICPA, and Jennifer B. Briggs, president and CEO of the Indiana CPA Society. The Importance of Professional Skepticism in an Audit (Accounting Web) - Without proper application of professional skepticism, the effectiveness of audit procedures is diminished. As a result, the sufficiency and appropriateness of audit evidence obtained is negatively impacted. 5 Ways CFOs Can Use AI Today (CFO) - While AI is often overhyped, there are a number of practical applications that are available to finance chiefs. A Fed Interest Rate Cut is in the Bag. What Then? (Reuters) - U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. Thatâs the easy part. Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Johnny Carson Funny bird   |