12 to KNOW

SOURCES:   ABC7 Los Angeles — Katie Porter concedes in CA governor's race    https://abc7.com/live-updates/california-primary-election-2026-voters-decide-key-races-governor-los-angeles-mayor-congressional-districts/19213908/entry/19224491/   Washington Post — Trump's pick for Iowa governor concedes GOP primary in upset    https://www.washingtonpost.com/politics/2026/06/03/trumps-pick-iowa-...

SOURCES:   Center for Audit Quality — Public Policy and Technical Alert | December 2025 | The CAQ    https://www.thecaq.org/public-policy-and-technical-alert-december-2025   Accounting Today — Kentucky passes CPA pathway bill    https://www.accountingtoday.com/news/kentucky-passes-cpa-pathway-bill   Accounting Today — A big year for AI in accounting    https://www.accountingtoday.com/news/a-big-ye...

SOURCES:   CNBC — Trump says Iran talks continuing after regime threatens other fronts in war    https://www.cnbc.com/2026/05/31/stock-market-today-live-updates.html   NPR — Trump insists talks continue after Iran suspended negotiations    https://www.npr.org/sections/world/   NPR — AI giant Anthropic prepares to sell stock to the public; files preliminary IPO paperwork    https://www.npr.org/2026...

SOURCES:   IFRS Foundation — Statement of cash flows and related matters - Project update    https://www.ifrs.org/content/dam/ifrs/meetings/2026/june/fasb-iasb-education-meeting/ap20-scf-project-update.pdf   Cleary Gottlieb — The Shifting SEC Enforcement Landscape: 2025 Year-in-Review    https://www.clearygottlieb.com/news-and-insights/publication-listing/the-shifting-sec-enforcement-landscape-202...

SOURCES:   CBS News — Trump recently edited possible U.S.-Iran agreement    https://www.cbsnews.com/live-updates/iran-war-us-trump-vance-ceasefire-strait-of-hormuz-deal-close/   U.S. Treasury — Economic Policy Statements to TBAC: 2026 - 2nd Quarter    https://home.treasury.gov/news/press-releases/sb0486   CBS News — Google employee arrested for Polymarket insider trading    https://www.cbsnews.com...

SOURCES:   The CAQ — Public Policy and Technical Alert | December 2025 | The CAQ    https://www.thecaq.org/public-policy-and-technical-alert-december-2025   Cleary Gottlieb — The Shifting SEC Enforcement Landscape: 2025 Year-in-Review    https://www.clearygottlieb.com/news-and-insights/publication-listing/the-shifting-sec-enforcement-landscape-2025-year-in-review   TheStreet — Big Four accounting...

SOURCES:   NPR — Trump Cabinet meeting comes amid Iran deal criticism    https://www.npr.org/sections/world/   NPR — California chemical tank emergency forces evacuations    https://www.npr.org/sections/national/   CBS News — GKN Aerospace tank threatens thousands    https://www.cbsnews.com/us/   FreeJobAlert — Early European heatwave breaks records    https://www.freejobalert.com/articles/daily-c...

SOURCES:   CAQ Technical Alert — Public Policy and Technical Alert | December 2025    https://www.thecaq.org/public-policy-and-technical-alert-december-2025   AML Intelligence — SEC enforcement actions fall to 16-year low in first half of 2026    https://www.amlintelligence.com/2026/05/news-sec-enforcement-actions-fall-to-16-year-low-in-first-half-of-2026/   TheStreet — Big Four firm cuts 100s of...

SOURCES:   PBS NewsHour — Trump administration wants all federal employees to sign NDAs    https://www.pbs.org/newshour/politics   Treasury Department — Economic Policy Statements to TBAC: 2026 - 2nd Quarter    https://home.treasury.gov/news/press-releases/sb0486   Bureau of Labor Statistics — CPI for all items rises 0.6% in April    https://www.bls.gov/cpi/   Reuters — Iran sends US negotiation p...

SOURCES:   The CAQ — Public Policy and Technical Alert | December 2025    https://www.thecaq.org/public-policy-and-technical-alert-december-2025   SEC.gov — SEC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions    https://www.sec.gov/newsroom/press-releases/2026-45-sec-rescinds-policy-regarding-denials-settlements-enforcement-actions   Journal of Accountancy — How will accoun...

SOURCES:   CNN — US targets Iranian missile launch sites and boats in 'self-defense' strikes    https://www.cnn.com/2026/05/25/world/live-news/iran-war-us-peace-deal   CNBC — U.S. conducts 'self-defense strikes' in Iran as Trump pushes for peace deal    https://www.cnbc.com/2026/05/26/us-conducts-self-defense-strikes-in-iran-as-trump-seeks-peace-deal.html   ABC7 — Evacuation zone r...

SOURCES:   Accounting Today — Highlights From the 2025 AICPA Conference – Current SEC and PCAOB Developments    https://www.alvarezandmarsal.com/thought-leadership/highlights-from-the-2025-aicpa-conference-current-sec-and-pcaob-developments   Cornerstone Research — SEC Enforcement Against Public Companies and Subsidiaries in 1H FY 2026    https://www.cornerstone.com/insights/research/sec-enforceme...

SOURCES:   NBC News — Republicans cancel votes amid GOP fight over Trump's 'anti-weaponization' fund    https://www.nbcnews.com/politics/congress/republicans-cancel-votes-fight-trumps-anti-weaponization-fund-rcna346113   CBS News — Trump lawyer-turned-critic Michael Cohen to apply for anti-weaponization fund    https://www.cbsnews.com/news/michael-cohen-anti-weaponization-fund-claim-tr...

SOURCES:   The CAQ Public Policy Alert — Public Policy and Technical Alert | December 2025    https://www.thecaq.org/public-policy-and-technical-alert-december-2025   CPA Trendlines — Outlook 2026: Agentic AI Reaches the Tipping Point in Tax and Accounting Firms    https://cpatrendlines.com/2026/01/10/outlook-2026-agentic-ai-reaches-the-tipping-point-in-tax-and-accounting-firms/   Madras Accountan...

SOURCES:   NPR — U.S. News and National Top Stories    https://www.npr.org/sections/national/   MPR News — Stories from May 21, 2026    https://www.mprnews.org/content/5-21-2026   NPR — Barney Frank, former congressman and gay-rights pioneer, dies at 86    https://www.npr.org/2026/05/20/g-s1-123012/barney-frank   CNN — Barney Frank, liberal icon who regulated a 'too big' financial industry...

SOURCES:   SEC — SEC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions    https://www.sec.gov/newsroom/press-releases/2026-45-sec-rescinds-policy-regarding-denials-settlements-enforcement-actions   KPMG — Q4 2025 new IFRS® Accounting Standards and amendments: Are you ready?    https://kpmg.com/us/en/articles/2025/q4-2025-new-ifrs-accounting-standards-amendments-are-you-ready....

SOURCES:   Fox News — Trump-backed Navy SEAL vet delivers major blow to Massie in fiery GOP primary    https://www.foxnews.com/politics/trump-backed-navy-seal-vet-delivers-major-blow-massie-fiery-gop-primary   Washington Post — Trump postpones Iran strike at Middle Eastern leaders' urging    https://www.washingtonpost.com/politics/   CNBC — Over 47,000 Samsung Electronics workers set to strike...

SOURCES:   CBS News — National Recording Registry adds Taylor Swift, Beyoncé, Ray Charles and more. See the 2026 list.    https://www.cbsnews.com/news/national-recording-registry-2026-taylor-swift-beyonce-ray-charles/   Just Jared — Benny Blanco Is 'Not Allowed' to Talk About This Topic Regarding Selena Gomez Marriage    https://www.justjared.com/2026/05/18/benny-blanco-is-not-allowed-to-t...

SOURCES:   Alvarez & Marsal — Highlights From the 2025 AICPA Conference – Current SEC and PCAOB Developments    https://www.alvarezandmarsal.com/thought-leadership/highlights-from-the-2025-aicpa-conference-current-sec-and-pcaob-developments   The Irish Times — Big Four firms post more job ads for AI specialists than auditors    https://www.irishtimes.com/business/2026/05/19/big-four-post-more-...

SOURCES:   CBS News — Trump calls off attack on Iran amid serious negotiations toward peace deal    https://www.cbsnews.com/live-updates/iran-war-trump-warning-oil-stock-prices-futures-ceasefire-diplomacy/   NBC News — Rep. Thomas Massie confronts the full force of Trump's wrath in a GOP primary    https://www.nbcnews.com/politics/2026-election/rep-thomas-massie-confronts-full-force-trumps-wra...

SOURCES:   Harvard Law School Forum on Corporate Governance — SEC Enforcement FY2025 Results Signal Shift in Priorities in Direct Critique of Prior Administration    https://corpgov.law.harvard.edu/2026/05/05/sec-enforcement-fy2025-results-signal-shift-in-priorities-in-direct-critique-of-prior-administration/   Accounting Today — Education Dept. rejects accounting as professional degree    https:/...

SOURCES:   CNN — Judge declares a mistrial in Harvey Weinstein's rape retrial after jury deadlocks    https://edition.cnn.com/   NPR — Sen. Bill Cassidy is one of few remaining Republican senators who voted to convict President Trump after the Jan. 6 attack on the Capitol    https://www.npr.org/sections/national/   Go Local Prov — World Health Organization on Sunday declared an Ebola outbreak...

SOURCES:   Accounting Today — AICPA updates audit confirmation standard    https://www.accountingtoday.com/news/aicpa-updates-audit-confirmation-standard   SEC.gov — SEC Announces Enforcement Results for Fiscal Year 2025    https://www.sec.gov/newsroom/press-releases/2026-34   TheStreet — Big Four firm cuts 100s of jobs as consulting demand slows    https://www.thestreet.com/employment/big-four-fi...

SOURCES:   CNN — Trump-Xi summit ends on cordial note but no breakthroughs announced yet    https://www.cnn.com/politics/live-news/trump-china-visit-xi-meeting-hnk   Anadolu Agency — Morning Briefing: May 15, 2026    https://www.aa.com.tr/en/world/morning-briefing-may-15-2026/3937991   Go Local Prov — 5 Big News Stories Overnight - Friday, May 15, 2026    https://www.golocalprov.com/news/5-big-new...

SOURCES:   Thomson Reuters — What to know about the new PCAOB auditing standards for 2026    https://tax.thomsonreuters.com/blog/what-to-know-about-the-new-pcaob-auditing-standards/   Globe Newswire — AI Adoption Accelerates in Accounting, Yet Fragmented Tools Keep Efficiency Just Out of Reach    https://www.globenewswire.com/news-releases/2026/05/12/   ComplianceHub. Wiki — After SolarWinds: What...