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AICPA issues new guidance on attestation engagements (Accounting Today) â The American Institute of CPAsâ Auditing Standards Board has released a new interpretation for practitioners performing attestations using more than one set of standards. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Dodge: The Personal Realization Income Tax (Tax Prof) - This article argues that the properly conceived fairness norm for taxation leads to a personal realization income tax. Fairness in taxation refers to âallocative tax fairness,â that is, the ethical/political standard according to which taxes are to be apportioned among the relevant population. PCAOB to consider adopting new auditorâs reporting standard (Journal of Accountancy) -The PCAOB will hold an open meeting on June 1 to consider adopting a new standard that would require auditors to provide additional information in the auditorâs report. Fed signals June rate hike likely (CNN Money) - Federal Reserve officials indicated they may raise rates again in June, according to minutes from their meeting in May released on Wednesday. Little-Changed U.S. Jobless Claims Signal Solid Labor Market (Bloomberg) - U.S. jobless-benefit claims are hovering near levels that continue to reflect a strong labor market, with figures little changed last week, Labor Department data showed Thursday. Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  NASA Saturn Pictures   |