Audit & Accounting

The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.

Hourly earnings growth for workers at small businesses dropped to 2.89% in August, Paychex reported Tuesday, the first time growth has been under 3% since January 2021.

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

The Treasury Department directed the IRS not to use any additional Inflation Reduction Act funds to increase audits on small businesses or households earning less than $400,000.

Olli Zeidler was one of 10 Deloitte professionals who competed at the 2024 Olympics and Paralympics.

The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.

Sage's new generative AI Copilot solution, set for U.S. release later this year, is meant to make powerful automation capacities more accessible.

Auditors face increasing challenges in evaluating how organizations estimate and report credit losses.

The document will be available for comment on the International Financial Reporting Standards website.

The IIA Internal Audit Foundation's newly released Vision 2035 project sheds light on the challenges over the next decade.