Audit & Accounting

AI-driven firms fail to mention that if their AI-generated tax advice results in an audit, their customers, not the firms themselves, are held legally liable.

The Pennsylvania Legislature passed a bill that establishes an additional path to CPA licensure, and it awaits Gov. Josh Shapiro's signature.

The Securities and Exchange Commission is taking initial steps on overhauling rules governing disclosures of executive compensation, including bonus clawbacks.

From an accountant's perspective, the trade deficit isn't a sign of economic weakness. As with any financial flow, there are two sides to the ledger.

Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can outperform humans in terms of accuracy and speed.

The Top 50 Firm is taking aim at the growing problem of elder financial abuse by helping protect clients.

The audit overseer fined Deloitte Netherlands, PwC Netherlands and EY Netherlands a total of $8.5 million after finding widespread exam misconduct on internal training tests.

The Public Company Accounting Oversight Board sanctioned the firm Michael T. Studer CPA and Michael Studer for repeat violations related to a 2019 audit.

The Association of Certified Fraud Examiners presented awards during its global fraud conference in Nashville.

The Internal Revenue Service's Criminal Investigation unit has been experiencing ups and downs in recent years due to budget boosts and cuts from Congress.