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 ...

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

The IRS’s increased enforcement efforts come at a time when claims related to late or missed filings are increasing. A docket system can help avoid these errors, but it can’t do it alone. It needs ...

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

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 ...

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 ...

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

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

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 ...

National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.

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