More than 3 in 5 business executives surveyed by the AICPA are at least contemplating the use of generative AI, signaling ...

The Financial Crimes Enforcement Network said in an alert, however, that reporting companies do not have to file beneficial ownership information reports while a preliminary injunction is in effect.

The board, facing an uncertain future following the presidential election, plans to prioritize inspections in the financial, real estate, and information technology sectors in 2025.

The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.

While the new QM standards will not change the peer review process itself, they will affect the questions and inquiries firms receive from reviewers and on management responsibilities, said Jim ...

AICPA publication offers best practices for professionals working in accordance with a set of FASB standards related to accounting and valuations in mergers and acquisitions.

Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.

The IRS will accept certain e-filed returns that claim dependents who have already been claimed on another taxpayer's return, a move that benefits filers who claim the earned income and child tax ...

Firms with A&A practices should be aware that the new quality management standards include changes to engagement quality reviews.

The decision reaffirms the relevance of Skidmore v. Swift & Co., which established Skidmore deference as an approach to judicial review of agency interpretations.

The IRS issued regulations that finalize proposed regulations issued in 2013. The guidance is focused on when and to what extent a partner is treated as bearing the economic risk of loss and the ...