Audit & Accounting

The SEC's recently finalized rule on private fund advisors will impose new requirements.

The Internal Revenue Service is leveraging artificial intelligence to detect tax evasion as it uses the extra funding from the Inflation Reduction Act to ramp up compliance efforts.

The board wants to improve the guidance for the management's discussion and analysis section of reports by federal agencies.

The board added a project to deal with issues related to subsequent events for state and local governments.

High-quality access logs and data access auditing capabilities bring much of the reporting information companies need to get their arms around a data breach.

Revenue from consulting services grew at the fastest pace at 19.1%, followed by risk advisory, and audit and assurance.

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like bitcoin held by companies.

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.

The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.

The trend toward digitization of government data has been affirmed as a priority by the passage of recent legislation.