Audit & Accounting

It faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

Confidence among accountants ticked up slightly in the second quarter of the year, the first increase since last year, according to a survey by the ACCA and IMA.

Client advisory services are proving to be a game changer in how accounting firms engage with their clients, especially when fused with tax advisory services.

The Public Company Accounting Oversight Board sanctioned Centurion ZD CPA & Co. and Chan Kam Fuk, permanently revoking the firm's registration and permanently barring the owner.

The Public Company Accounting Oversight Board named the largest cohort in the program's history to receive $15,000 merit-based scholarships, totaling over $10 million.

House Republicans released a spending proposal that threatens to withhold funding from the Financial Accounting Standards Board unless it withdraws its income tax reporting standard.

The Securities and Exchange Commission has tapped George Botic as acting chair of the Public Company Accounting Oversight Board after Erica Williams' departure.

Erica Williams is stepping down Tuesday as chair of the Public Company Accounting Oversight Board and spoke Monday with Accounting Today about her time at the PCAOB.

Nearly one-third (32%) of Americans have taken no financial steps to prepare for a natural disaster, according to a survey by the Harris Poll on behalf of the American Institute of CPAs.

The IRS's progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report.