The AICPA Peer Review Board approved changes that align with new quality management standards for firms’ accounting and auditing practices.

FASB published a proposed Accounting Standards Update (ASU) that is intended to improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations. The ASU ...

FASB published an Accounting Standards Update requiring public companies to disclose additional information about certain expenses in the notes to financial statements.

A study involving 390 students suggests a preference for using ChatGPT as a supplement to traditional resources, such as ...

To access Copilot in Outlook, click on the Copilot icon located on the left side of Outlook in the apps bar, as pictured in ...

The IRS did not abuse its discretion in sustaining a taxpayer’s proposed levy for a tax liability the taxpayer had not properly challenged, the Tax Court held.

The AICPA had requested that the Financial Crimes Enforcement Network extend reporting deadlines for beneficial ownership information for victims of hurricanes Beryl, Debby, Francine, Helene, and ...

A U.S. Government Accountability Office report highlights a need for enforcement equity assessment and better taxpayer communication.

While most energy-related credits apply to businesses, individual taxpayers can claim a tax credit based on energy-efficient ...

Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America ...

The regulations under Sec. 6335, which had not changed substantially since they were first issued in 1954, did not reflect modern electronic methods of submitting bids and accepting payment from ...

The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Friday, including maximum contribution amounts for 401(k) plans and traditional and Roth ...