Audit & Accounting

"I relied upon Mazars and our accounting team" for the preparation of a financial statement, Donald Trump Jr. told the judge. "That's why we have accountants."

A recent poll of finance leaders has found that the majority of organizations now use AI in at least some of their financial reporting process.

The longtime leader of the National Association of State Boards of Accountancy plans to retire at the end of July.

These audits are essential to ensure that integration processes are executed correctly, risks are identified and mitigated, and controls are in place to safeguard the organization's assets and financial reporting.

"The accountants worked on it," the eldest son of former president Donald Trump testified in a Manhattan courtroom. "That's what we paid them for."

Jean Stephens, who has led the group for 17 years, plans to step down in May 2024 and become a senior advisor to the network.

The board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.

Annual pay increased 5.7% year over year in another sign of continuing strength in the economy despite interest hikes and inflation.

Letitia James alleges all three Trump children were central figures in a scheme to inflate the former president's assets by as much as $3.6 billion a year to get better terms on loans and insurance policies.

Automation pitfalls; partners in meetings; offering financial planning; and other highlights from our favorite tax bloggers.