Featured Stories
SAE International: AVSC Releases Best Practice for ADS Remote Assistance Training and Human Factors
WARRENDALE, Pennsylvania, Aug. 26 -- SAE International issued the following news release on Aug. 25, 2026:
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AVSC Releases Best Practice for ADS Remote Assistance Training and Human Factors
New guidance establishes a common framework for remote assistant training, qualifications, and human factors in automated driving system deployments.
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TROY, Mich. - The Automated Vehicle Safety Consortium(TM) (AVSC), a program of SAE Industry Technologies Consortia(R) (SAE ITC), today announced the publication of AVSC Best Practice for ADS Remote Assistance Training and Human Factors, providing industry
... Show Full Article
WARRENDALE, Pennsylvania, Aug. 26 -- SAE International issued the following news release on Aug. 25, 2026:
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AVSC Releases Best Practice for ADS Remote Assistance Training and Human Factors
New guidance establishes a common framework for remote assistant training, qualifications, and human factors in automated driving system deployments.
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TROY, Mich. - The Automated Vehicle Safety Consortium(TM) (AVSC), a program of SAE Industry Technologies Consortia(R) (SAE ITC), today announced the publication of AVSC Best Practice for ADS Remote Assistance Training and Human Factors, providing industryguidance for the development and management of remote assistance (RA) programs that support the safe and reliable operation of automated driving system-dedicated vehicles (ADS-DVs).
As automated driving system deployments continue to expand, remote assistance has emerged as an important operational function for supporting SAE Level 4 and Level 5 ADS-DVs. The new best practice establishes a common baseline for remote assistant training, qualification, assessment, and performance-related human factors to help organizations develop consistent and scalable RA programs while promoting stakeholder confidence in automated vehicle technologies.
"As automated driving systems move toward broader deployment, the industry increasingly recognizes the importance of the human elements that support these operations," said Darcyne Foldenauer, Executive Director AVSC. "This best practice provides organizations with a shared framework for preparing remote assistants, evaluating performance, and implementing human factors considerations that contribute to safe and reliable automated vehicle operations."
While previous AVSC publications have addressed remote assistance use cases, this best practice focuses specifically on training frameworks, qualification processes, and human factors considerations that can help support consistency across a variety of deployment models.
Specifically, it includes:
* A framework and common terminology for remote assistant training and qualifications.
* Recommended baseline training topics and methodologies.
* Guidance for training program structures, materials, and post-training evaluations.
* Processes for recurrent and remedial training.
* Performance measurement and continuous improvement practices.
* Human factors considerations, including interface design and operator well-being.
"Building public trust in automated driving systems requires not only advanced technology, but also consistent operational practices and transparent processes," said Erin McCurry, Principal Engineer AVSC, "By aligning the industry around foundational training and human factors guidance, this best practice supports the safe and scalable deployment of ADS technologies."
This guidance is for ADS developers, fleet operators, and organizations involved in remote assistance operations. By promoting shared practices and continuous improvement, the publication provides guidance to support the safe, scalable, and publicly trusted deployment of automated driving systems.
Download this best practice for FREE here: AVSC Best Practice for ADS Remote Assistance Training and Human Factors (https://avsc.sae-itc.com/publication/avsc-07-2026)
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About the Automated Vehicle Safety Consortium(TM) (AVSC)
The Automated Vehicle Safety Consortium(TM) (AVSC) is an industry program of SAE Industry Technologies Consortia(R) (SAE ITC) focused on advancing the safe testing, deployment, and operation of automated vehicles through collaboration among leading automotive, technology, transportation, and safety stakeholders. AVSC develops voluntary, consensus-based best practices that address critical challenges facing the automated vehicle industry and help promote public trust in emerging mobility technologies. For more information about the Automated Vehicle Safety Consortium and its published best practices, visit www.avsc.sae-itc.com.
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About SAE Industry Technologies Consortia(R) (SAE ITC)
SAE ITC is an affiliate of SAE International. SAE ITC specializes in establishing and managing consortia by providing proven processes, tools, and resources. SAE ITC enables public, private, academic and government organizations to connect and collaborate in neutral, pre-competitive forums thus empowering the setting and implementation of strategic business improvements in highly engineered industries globally. http://www.sae-itc.com.
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Original text here: https://www.sae.org/articles/press-releases/2026/08/sae-2026-itc-ads-remote-assistance
[Category: Engineering]
Nuclear Energy Institute Welcomes TVA's Mike Skaggs to Executive Committee
WASHINGTON, Aug. 26 -- The Nuclear Energy Institute issued the following news on Aug. 25, 2026:
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NEI Welcomes TVA's Mike Skaggs to Executive Committee
The Nuclear Energy Institute (NEI) today announced the election of Mike Skaggs, interim president and CEO of Tennessee Valley Authority (TVA), to its Executive Committee. Mr. Skaggs joined the NEI Board of Directors on April 27, 2026.
Mr. Skaggs was named TVA's interim president and CEO in April 2026. Throughout more than 40 years in the utility industry, he has held leadership positions across nuclear construction, operations and power
... Show Full Article
WASHINGTON, Aug. 26 -- The Nuclear Energy Institute issued the following news on Aug. 25, 2026:
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NEI Welcomes TVA's Mike Skaggs to Executive Committee
The Nuclear Energy Institute (NEI) today announced the election of Mike Skaggs, interim president and CEO of Tennessee Valley Authority (TVA), to its Executive Committee. Mr. Skaggs joined the NEI Board of Directors on April 27, 2026.
Mr. Skaggs was named TVA's interim president and CEO in April 2026. Throughout more than 40 years in the utility industry, he has held leadership positions across nuclear construction, operations and powergeneration.
During his more than 25-year career at TVA, Mr. Skaggs has served in a variety of leadership roles at each of the utility's three operating nuclear plants. His extensive experience includes overseeing the completion, startup and power ascension testing of Watts Bar Nuclear Plant Unit 2, as well as work supporting the recovery of Browns Ferry Unit 1 and major steam generator replacement projects. A registered professional engineer, Mr. Skaggs holds a bachelor's degree in mechanical engineering from Texas Tech University and earned a senior reactor certification at Watts Bar Nuclear Plant.
NEI congratulates Mr. Skaggs on his election to the Executive Committee. His decades of leadership and deep experience across nuclear operations and generation make him a valuable addition to the committee as our industry works to meet rapidly growing demand for clean, reliable energy.
Members of the NEI Executive Committee are selected from the NEI Board of Directors and serve three-year terms, unless filling a vacancy.
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Original text here: https://www.nei.org/news/nei-welcomes-mike-skaggs-to-executive-committee
[Category: Energy]
Golf Course Superintendents Association: Assistant Superintendents Chosen for Ninth Class of EXCEL Leadership Program
LAWRENCE, Kansas, Aug. 26 -- The Golf Course Superintendents Association of America issued the following news release:
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Assistant superintendents chosen for ninth class of EXCEL Leadership Program
GCSAA leadership training program is funded by Nufarm
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Eight assistant superintendent members of the Golf Course Superintendents Association of America (GCSAA) have been chosen for the ninth class of the EXCEL Leadership Program, which is funded by Nufarm. The three-year program offers leadership training for personal, career and community/industry stewardship for assistant superintendents
... Show Full Article
LAWRENCE, Kansas, Aug. 26 -- The Golf Course Superintendents Association of America issued the following news release:
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Assistant superintendents chosen for ninth class of EXCEL Leadership Program
GCSAA leadership training program is funded by Nufarm
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Eight assistant superintendent members of the Golf Course Superintendents Association of America (GCSAA) have been chosen for the ninth class of the EXCEL Leadership Program, which is funded by Nufarm. The three-year program offers leadership training for personal, career and community/industry stewardship for assistant superintendents- the future leaders in the golf course management industry.
"EXECL truly makes a positive impact on the career trajectory of these GCSAA assistant superintendent members, which in turn, benefits the entire industry," GCSAA CEO Rhett Evans said. "Thank you to Nufarm for helping us offer this opportunity and congratulations to the members of this year's class."
The EXCEL Leadership Program features two, three-day education and training sessions and a trip to the annual GCSAA Conference and Trade Show. The latest class will join the existing EXCEL cohorts at the Fall Meeting, Oct. 6-9, at GCSAA headquarters in Lawrence, Kan.; the 2027 GCSAA Conference and Trade Show in New Orleans, La.; and the Spring Meeting, April 13-16, in Pinehurst, N.C.
"Nufarm is thrilled to welcome another exceptional group of assistant superintendents into the EXCEL Program," said Jeff Eldridge, CGCS, U.S. golf segment lead, Nufarm. "The individuals selected for this year's class have demonstrated an outstanding commitment to their professional growth and to advancing the golf industry as a whole. We are proud to partner with GCSAA to provide valuable professional development opportunities that will help accelerate their careers, strengthen their leadership skills, and prepare them for future superintendent and industry leadership roles."
The members of the 2026 EXCEL Leadership Program are:
* Devin Andrews of Jeremy Ranch Golf & Country Club, Park City, Utah
* Abby Head of Indianapolis Motor Speedway, Indianapolis, Ind.
* Trevor Kiunke of Inglewood Golf Club, Kenmore, Wash.
* Patrick McDonald of Union League Liberty Hill, Lafayette Hill, Pa.
* Jacob Ocholik of Wayzata Country Club in Wayzata, Minn.
* Renee Schmaltz of Glendale Golf & Country Club in Edmonton, Alberta, Canada
* Tizayi Tundu Sithole of Country Club of New Canaan in New Canaan, Conn.
* Edward Wetherell of Circling Raven Golf Club in Worley, Idaho.
To learn more, visit gcsaa.org/excel.
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Original text here: https://www.gcsaa.org/who-we-are/media/news-release/2026/08/25/assistant-superintendents-chosen-for-ninth-class-of-excel-leadership-program
[Category: Facilities Management]
Dealer Week Pre-Conference Workshops Deliver Hands-On Sales and Service Training
BROOKLYN PARK, Minnesota, Aug. 26 -- The Marine Retailers Association of the Americas issued the following news:
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Dealer Week Pre-Conference Workshops Deliver Hands-On Sales and Service Training
Choose from two hands-on, purpose-built, pre-conference workshops designed to help your dealership improve performance, adopt The New Fundamentals and return home with an actionable plan.
Purpose-built education sessions offer interactive, department-specific tactics to strengthen sales effectiveness and service profitability
MINNEAPOLIS -- Marine dealerships face no shortage of challenges,
... Show Full Article
BROOKLYN PARK, Minnesota, Aug. 26 -- The Marine Retailers Association of the Americas issued the following news:
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Dealer Week Pre-Conference Workshops Deliver Hands-On Sales and Service Training
Choose from two hands-on, purpose-built, pre-conference workshops designed to help your dealership improve performance, adopt The New Fundamentals and return home with an actionable plan.
Purpose-built education sessions offer interactive, department-specific tactics to strengthen sales effectiveness and service profitability
MINNEAPOLIS -- Marine dealerships face no shortage of challenges,from evolving customer expectations and changing sales processes to increasing demands on service departments. To help retailers navigate those realities, for the first time in history the Marine Retailers Association of the Americas (MRAA) is hosting two specialized pre-conference workshops focused on strengthening sales and service operations.
Aligned with Dealer Week's educational theme, The New Fundamentals, the workshops will be held Sunday, Dec. 6, prior to the conference's official opening. Led by industry experts Marcus Sheridan and Valerie Ziebron, these overlapping three-hour sessions give dealership teams the modern skills, tools and forward-looking strategies they need to drive performance today and build resilience for the future.
"Last year we got a great response to our pre-conference workshop, since it gave attendees more time to really go deep on a topic," said Mike Davin, Vice President of Industry Relations at MRAA. "This year we wanted to provide that experience again, but we realized we had left out part of our audience by only focusing on a sales session last time. We have expanded to two separate workshops, so whether attendees focus on sales or service, there will be an in-depth workshop for them."
Sales Bootcamp Examines the New Fundamentals of Boat Sales
In Sales Bootcamp: Learn the 7 Habits, Including AI, of the Best at Boat Sales, bestselling author Marcus Sheridan will lead participants through the habits and behaviors that consistently separate top-performing marine sales teams from the rest of the field.
The highly engaging workshop (1-4 p.m. on Sunday, Dec. 6) is built around seven habits observed among successful sales professionals. These include: asking better questions, navigating pricing conversations, improving follow-up practices and using AI effectively without sacrificing the customer experience. Sales Bootcamp targets dealership owners, sales managers and sales professionals looking to elevate their sales process. Through role-play exercises, guided discussions and practical planning activities, participants will evaluate current performance and develop a roadmap for improvement.
Attendees will learn how to:
* Identify the seven habits shared by top-performing marine sales teams
* Apply those habits to real customer interactions and common sales challenges
* Incorporate AI into the sales process while maintaining trust and transparency
* Develop a practical 30-60-90-day implementation plan for their dealership
To reinforce the lessons learned, participants will complete a "7 Habits Sales Culture Scorecard" that helps identify performance gaps and prioritize next steps.
"The sales process continues to evolve as buyer expectations, communication channels and technology changes," said Liz Walz, Director of Learning Vision and Impact at MRAA. "This workshop is designed to help dealerships understand the new fundamentals of successful boat sales, giving teams practical frameworks, better habits and modern tools that can strengthen customer engagement and improve sales performance."
Service Workshop Focuses on Readiness, Efficiency and Long-Term Profitability
The second workshop, From Reactive to Ready: 7 Top Tips for a Proactive, Profitable Shop, will be led by service and parts expert Valerie Ziebron.
The three-hour session (12:45-3:45 p.m. on Sunday, Dec. 6) focuses on helping dealerships create more proactive service operations by improving communication, documenting future opportunities, organizing deferred work and creating stronger customer service plans. Participants will explore seven practical approaches that help service departments move beyond responding to immediate concerns and toward anticipating customer needs throughout the ownership lifecycle.
Learning objectives include:
* Building proactive service workflows that identify future work opportunities earlier
* Improving communication, follow-up consistency and scheduling visibility
* Organizing deferred work opportunities to support customer retention and revenue growth
* Leveraging AI-enabled tools to support work-order audits, service planning and operational reporting
Service managers, advisors and dealership leaders will learn how to improve operational consistency, enhance the customer experience and drive greater department profitability.
"Service remains one of the most important drivers of dealership profitability and customer retention, but the strongest departments aren't simply reacting to the work that's in front of them," said Bernie DeGraw, Senior Education Developer at MRAA. "They're preparing for what's ahead. This workshop is focused on helping service teams build a readiness mindset, create more proactive processes and uncover opportunities that strengthen both customer relationships and business performance."
Included with Dealer Week's All-Access Registration
Both pre-conference workshops are included with Dealer Week's All-Access registration package. As a result, dealerships sending team members from both sales and service departments benefit from complementary learning experiences that support stronger customer acquisition, retention and operational performance across the dealership. Attendees gain actionable ideas and implementation plans on what many industry leaders increasingly recognize as the new fundamentals of dealership success. To learn more about the workshops or register for Dealer Week, visit www.dealerweek.com/pre-conference-workshops.
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About Dealer Week
For more than 50 years, the Marine Retailers Association of the Americas has delivered world-class education to marine dealers, retailers and service operations that power the boating industry. Dealer Week exists to engage, energize and empower the dealer community. MRAA envisions a brighter future for marine retail, and Dealer Week is a key part of bringing that vision to life. Learn more at dealerweek.com.
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About the Marine Retailers Association of the Americas (MRAA)
The Marine Retailers Association of the Americas is the trusted catalyst for success in the marine retail industry. Dedicated to fueling dealer growth and strengthening the boating experience, MRAA delivers industry-leading insights, expert guidance and proven solutions that assist marine retailers in navigating challenges and seizing opportunities. Through education, advocacy and innovative resources, MRAA empowers dealers to thrive, and help drive a stronger, more sustainable marine industry. Learn more at MRAA.com.
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Original text here: https://mraa.com/dealer-week-2026-pre-conference-workshops/
[Category: Business]
Brewer Science to Showcase Advanced Materials Innovation at SEMICON Taiwan 2026
MILPITAS, California, Aug. 26 -- SEMI, an association serving the manufacturing supply chain for the electronics industry, posted the following news release from its member company Brewer Science Inc.:
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Brewer Science to Showcase Advanced Materials Innovation at SEMICON Taiwan 2026
Rolla, Missouri, USA -- Brewer Science, Inc., a global leader in advanced materials and process solutions for the semiconductor industry, will be showcasing its latest innovations in material solutions enabling next-generation technology at SEMICON Taiwan 2026, taking place September 2-4, 2026, in Taipei, Taiwan.
... Show Full Article
MILPITAS, California, Aug. 26 -- SEMI, an association serving the manufacturing supply chain for the electronics industry, posted the following news release from its member company Brewer Science Inc.:
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Brewer Science to Showcase Advanced Materials Innovation at SEMICON Taiwan 2026
Rolla, Missouri, USA -- Brewer Science, Inc., a global leader in advanced materials and process solutions for the semiconductor industry, will be showcasing its latest innovations in material solutions enabling next-generation technology at SEMICON Taiwan 2026, taking place September 2-4, 2026, in Taipei, Taiwan.Visit Brewer Science at Booth I2316 to discuss applications and specific solutions for artificial intelligence (AI), high-performance computing (HPC), and other advanced materials.
AI-driven patterning innovation: Learn how advanced materials enable high-selectivity patterning and support next-generation lithography in AI-driven semiconductor manufacturing.
2D materials integration breakthroughs: Discover new approaches for integrating fragile 2D semiconductors using low-temperature transfer and proven temporary bonding technologies.
Advanced packaging & heterogeneous integration: Explore materials solutions designed to support increasingly complex device architectures and multi-layer integration.
Engage with Brewer Science experts at Booth I2316: Discuss your challenges in patterning, advanced packaging, and emerging materials integration with our technical team.
"As AI pushes semiconductor design to new limits, our customers need materials that can keep pace," said Dr. Srikanth (Sri) Kommu, co-CEO of Brewer Science. "SEMICON Taiwan brings the industry together at exactly the right moment, and we're here to show how Brewer Science enables greater performance, scalability, and supply chain resilience."
Technical Presentation Highlights
Navigating the Patterning Landscape in the Era of AI-Driven Semiconductor Manufacturing
Presented by Dr. Douglas Guerrero, Senior Technologist, Brewer Science
Artificial intelligence is driving one of the most rapid technology transformations in history, pushing semiconductor manufacturing to its limits. As chipmakers race to meet the demands of AI and HPC, both logic and memory architectures are becoming more complex, requiring increasingly sophisticated patterning materials.
Dr. Guerrero will explore how the industry is adapting to a shifting ecosystem, where advanced manufacturing capabilities are consolidating while the number of specialized materials providers continues to grow. He will highlight how Brewer Science leverages its advanced materials portfolio to support next-generation lithography and advanced packaging.
Key Takeaways:
AI is accelerating adoption of advanced semiconductor technologies
Patterning complexity is driving demand for highly engineered materials
High-selectivity materials are critical for next-generation lithography
Supply chain resilience is essential in a rapidly evolving ecosystem
Brewer Science innovations enable improved yield and process performance
Heterogeneous Integration of 2D Materials for Advanced Logic Scaling
Presented by Dr. Douglas Guerrero, Senior Technologist, Brewer Science
As silicon-based CMOS scaling approaches fundamental limits, alternative materials such as two-dimensional (2D) semiconductors are gaining attention. Transition metal dichalcogenides (TMDs) offer significant promise but present major integration challenges due to their ultrathin and fragile nature.
Dr. Guerrero will examine how low-temperature transfer approaches can overcome these challenges, enabling the stacking of multiple 2D layers while preserving device integrity. The presentation will highlight how Brewer Science is repurposing temporary bonding and debonding (TBDB) materials, traditionally used in wafer processing, to support precise handling and integration of 2D materials.
Key Takeaways:
2D materials offer a pathway beyond traditional CMOS scaling limits
Integration challenges include fragility and thermal sensitivity
Low-temperature transfer preserves material and device integrity
TBDB materials enable precise handling and layer stacking
Established packaging solutions can accelerate emerging device adoption
Visit with Brewer Science at Booth I2316
At Booth I2316, Brewer Science will showcase a comprehensive portfolio of advanced materials supporting key semiconductor processes:
Patterning and lithography materials for advanced nodes
Temporary bonding solutions for wafer-level processing
Materials for heterogeneous integration and advanced packaging
High-selectivity materials for next-generation device architectures
These solutions are designed to address the growing complexity of semiconductor fabrication as AI and HPC applications continue to drive performance demands.
With decades of expertise in materials science and semiconductor processing, Brewer Science partners with leading chipmakers and research institutions worldwide. The company's collaborative approach enables customers to overcome technical barriers and accelerate innovation.
Visit Brewer Science at Booth I2316 during SEMICON Taiwan 2026 to connect with Brewer Science experts and explore the materials shaping the future of semiconductor manufacturing. Event updates can also be found on their website: https://www.brewerscience.com/news-semicon-taiwan-2026/
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About Brewer Science
Brewer Science is a global leader in developing and manufacturing next-generation materials and processes that enable cutting-edge technology. Since 1981, the company has expanded its technology portfolio within advanced lithography, advanced packaging, smart devices, and printed electronics to support microdevices and industrial monitoring solutions. Brewer Science's relationship-focused approach ensures critical outcomes for its partners worldwide. Headquartered in Rolla, Missouri, Brewer Science operates globally. Learn more at www.brewerscience.com.
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Original text here: https://www.semi.org/en/node/174926
[Category: Electronic Products]
BSA Opposes AB 1018 Over Broad Scope
WASHINGTON, Aug. 26 -- The Business Software Alliance issued the following news release:
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BSA Opposes AB 1018 Over Broad Scope
Business Software Alliance (BSA) Senior Vice President of US Government Relations Craig Albright issued the following statement regarding AB 1018, proposed legislation regulating high-risk AI, in California:
"Recent amendments to AB 1018 fall short of addressing problematic aspects of the bill, subjecting many everyday uses of AI into a new regulatory regime.
"The legislation's broad scope would subject basic practices like statistical analysis and data modeling
... Show Full Article
WASHINGTON, Aug. 26 -- The Business Software Alliance issued the following news release:
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BSA Opposes AB 1018 Over Broad Scope
Business Software Alliance (BSA) Senior Vice President of US Government Relations Craig Albright issued the following statement regarding AB 1018, proposed legislation regulating high-risk AI, in California:
"Recent amendments to AB 1018 fall short of addressing problematic aspects of the bill, subjecting many everyday uses of AI into a new regulatory regime.
"The legislation's broad scope would subject basic practices like statistical analysis and data modelingused in assisting human decision-making to broad disclosures and consumer requests.
"At a late stage in the legislative debate, the new changes to AB 1018 still set California on the path toward fragmentation on AI policy, piling onto a troubled approach taken in Colorado.
"BSA joins many other partners in the business community in opposing AB 1018."
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ABOUT BSA
The Business Software Alliance (www.bsa.org) is the global trade association of the enterprise software industry, representing companies that are leaders in artificial intelligence, cybersecurity, cloud computing, quantum, and other breakthrough technologies. We work in over 20 markets in the US, Europe, and Asia, advocating for policies that build trust in technology so that every industry sector and the public can benefit from innovation.
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Original text here: https://www.bsa.org/news-events/news/bsa-opposes-ab-1018-over-broad-scope
[Category: Business]
AICPA Provides New Guidance on Stablecoins, Mining Revenue and Current Auditing Standards
NEW YORK, Aug. 26 -- The American Institute of CPAs issued the following news release:
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AICPA Provides New Guidance on Stablecoins, Mining Revenue and Current Auditing Standards
The American Institute of CPAs (AICPA) has released an updated version of its practice aid, Accounting for and Auditing of Digital Assets, providing accounting and auditing professionals with new guidance addressing emerging developments in the digital asset ecosystem, including accounting for stablecoin issuers, auditing mining revenue arrangements and updates for recently effective auditing standards.
"As digital
... Show Full Article
NEW YORK, Aug. 26 -- The American Institute of CPAs issued the following news release:
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AICPA Provides New Guidance on Stablecoins, Mining Revenue and Current Auditing Standards
The American Institute of CPAs (AICPA) has released an updated version of its practice aid, Accounting for and Auditing of Digital Assets, providing accounting and auditing professionals with new guidance addressing emerging developments in the digital asset ecosystem, including accounting for stablecoin issuers, auditing mining revenue arrangements and updates for recently effective auditing standards.
"As digitalasset business models continue to evolve, practitioners are encountering increasingly complex accounting and auditing questions," said Di Krupica, senior manager, digital assets, assurance and advisory innovation at the AICPA. "These updates provide additional clarity in areas where demand for guidance has grown and help professionals align their work with current standards and emerging practices."
The August 2026 update includes several significant enhancements:
New guidance for stablecoin issuers
The practice aid adds a new chapter dedicated to accounting considerations for stablecoin issuers. The guidance addresses recognition of obligations associated with issued tokens and considerations related to reserve assets that support stablecoins.
The new content responds to increased adoption of stablecoins and growing practitioner demand for guidance on accounting for these arrangements.
New auditing guidance for mining revenue
A new auditing chapter provides considerations related to mining revenue arrangements, including transactions involving mining pool participants and data center hosts.
The guidance addresses emerging revenue models that have become increasingly prevalent throughout the digital asset ecosystem and offers auditors additional considerations and example procedures that may be performed when evaluating these activities.
Updated for current auditing standards
The practice aid has been updated to reflect auditing standards through Statement on Auditing Standards (SAS) No. 148 and includes revisions related to SAS No. 146, Quality Management for an Engagement Conducted in Accordance With Generally Accepted Auditing Standards (AU-C Section 220).
These updates are intended to help practitioners apply the latest quality management requirements and ensure the guidance remains aligned with current professional standards.
Additional enhancements
Other updates include revisions to Chapter 5, Considerations for Existence, Rights and Obligations of Digital Assets, which streamlines and consolidates existing question-and-answer content without changing the underlying guidance.
Digital assets continue to evolve as new transaction structures, use cases and business models emerge. The updated practice aid is designed to help accounting and auditing professionals address these developments with greater clarity, consistency and confidence while applying existing accounting and auditing standards.
The Accounting for and Auditing of Digital Assets practice aid is available through the AICPA & CIMA digital assets resources library.
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About the American Institute of CPAs
The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. A founding member of the Association of International Certified Professional Accountants, the AICPA sets ethical standards for the profession, attestation standards, and U.S. auditing standards for private companies, not-for-profit organizations, and federal, state, and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, partners across the profession to build future talent, and drives continuing education to advance the vitality, relevance, and quality of the profession.
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Original text here: https://www.aicpa-cima.com/news/article/aicpa-provides-new-guidance-on-stablecoins-mining-revenue-and-current-auditing-standards
[Category: Accounting]
