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What's inside today's Tax Thursday in Three? The meaning of the "Byrd" bath, the compromises still to come on the tax bill, and an IRS staffing update. Bergin Fisniku, Director of our National Tax practice, shares more in today's edition.
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The FFIEC has updated its IT examination guidelines, expanding the Development, Acquisition, and Maintenance (DA&M) booklet and retiring the Cybersecurity Assessment Tool (CAT) by August 31, 2025. Financial institutions must now enhance IT risk management and adopt alternative cybersecurity frameworks like NIST 2.0 and CISA Cybersecurity Performance Goals to stay compliant.
