Andrea Vittorio

Washington, D.C.

Editor at Bloomberg Law

editor at Bloomberg’s @blaw (views my own) 🐶 🚲 🌱 🌎

Articles

Auditors, Investors Debate Formalizing Company Earnings Metrics

1 week ago | news.bloomberglaw.com | Jorja Siemons |Andrea Vittorio

Businesses including Bank of America Corp. and Big Four audit firms told the US accounting standards board to hold off on standardizing metrics like free cash flow and adjusted net income that are ubiquitous in corporate earnings reports.
Auditors, Investors Debate Formalizing Company Earnings Metrics

1 week ago | news.bgov.com | Jorja Siemons |Andrea Vittorio

Businesses including Bank of America Corp. and Big Four audit firms told the US accounting standards board to hold off on standardizing metrics like free cash flow and adjusted net income that are ubiquitous in corporate earnings reports.
Why GOP Lawmakers Are Targeting the US Audit Board

2 weeks ago | news.bloombergtax.com | Andrea Vittorio

House Republicans are pushing a plan to dismantle the US audit board and send its watchdog duties to the Securities and Exchange Commission as part of a federal budget-cutting process. It’s not the first GOP attempt to rein in the Public Company Accounting Oversight Board, but this time it comes against the backdrop of the Trump administration’s sweeping drive to cut regulations and downsize government. Listen here and subscribe to Talking Tax on Apple Podcasts, Spotify, Megaphone, or Audible.
Congress Returns With Ambitious Plans to Move on Tax Extensions

3 weeks ago | news.bloomberglaw.com | Kim Dixon |Martha Mueller Neff |Andrea Vittorio

Related Stories Tax Writers in Congress See Fundraising Boost as Tax Cliff Looms April 18, 2025, 8:45 AM UTC Congress Is Prioritizing SALT Break That Few Americans Claim (1) April 17, 2025, 9:10 PM UTC IRS Workforce Cuts to Impede Progress on AI, Modernization April 16, 2025, 4:12 PM UTC ‘America Last’ Corporate Tax Policies Can End With This Congress April 8, 2025, 8:30 AM UTC What the Changing IRS Workforce Means for Taxpayers (Podcast) April 2, 2025, 5:08 PM UTC Before leaving for a...
Trump Tariffs Leave Accountants Wrestling With Changing Terrain

4 weeks ago | news.bloomberglaw.com | Jorja Siemons |Andrea Vittorio

The Trump administration’s tariffs on international imports are set to ripple throughout US companies’ financial statements as executives and accountants alike grapple with trade policy whiplash. Accountants are advising companies to maintain strong financial guardrails and consistent reporting judgment as they assess the tariffs’ impact on key economic estimates and gauge whether they need to disclose the significance to investors.
States See Low Demand for IRS’s Direct File With Future Unclear

1 month ago | news.bloombergtax.com | Andrea Vittorio

States that partnered with the IRS to offer a free tax-filing platform are seeing little demand for the program so far this year. The IRS’s Direct File program, first tested in 2024, became available to more than 30 million taxpayers across 25 states for this tax filing year.
Deloitte Cuts Darken Outlook for US Government Consulting Work

1 month ago | news.bloomberglaw.com | Jorja Siemons |Amelia Gruber Cohn |Andrea Vittorio

Federal spending cuts that triggered a layoff announcement at Deloitte LLP have not yet reached Big Four firms with smaller public sector consulting practices but they have placed the industry on guard. The US government has canceled 63 of Deloitte’s federal contracts for professional services, collectively worth $4 million, since Jan. 20, the first day of President Donald Trump’s new administration.
Accounting Firms Help Nonprofits Navigate Trump-Era Funding Cuts

1 month ago | news.bloomberglaw.com | Jorja Siemons |Amelia Gruber Cohn |Andrea Vittorio

Not-for-profit organizations from humanitarian groups to health researchers are turning to accounting firms for financial and strategic counsel as they grapple with uncertainty from the Trump administration’s gutting of government funding. Agencies have cut grants under President Donald Trump’s push to reduce federal spending, putting nonprofit financing in jeopardy.
US Grant Accounting Proposal Critiqued as Too Narrow in Scope

1 month ago | news.bloomberglaw.com | Jorja Siemons |Amelia Gruber Cohn |Andrea Vittorio

The US accounting standard-setter’s proposal for how businesses should record the value of government grants is too slim in scope and offers too much flexibility to produce streamlined results, firms and professional associations said.
Wind, Solar Backers Have 'Playbook' for Challenging Trump Orders

2 months ago | news.bloombergtax.com | Jennifer Danis |Laura Francis |Andrea Vittorio

A series of executive orders from President Donald Trump has renewable energy companies weighing legal options as funding access and permitting regulations remain in flux, deepening uncertainty for the industry. However, it’s that very uncertainty that’s keeping anyone from rushing to the courts—yet. The executive orders limited offshore wind leasing, declared a national energy emergency, and urged the “unleashing” of the country’s energy sources.