Audit & Accounting

Businesses may be struggling to maintain their ever-increasing operational costs and maximize profits.

Roman Abramovich’s U.K. business empire stretched far beyond Chelsea Football Club. Among those who helped build it was an upstart firm with an illustrious name.

CFOs will increasingly turn to cost reductions, not just price increases, if above-average inflation continues, according to a Gartner survey.

The board described some broad steps Wednesday to achieve the baseline by the end of the year.

While it still wasn’t good, a study by the NATP found that some tax preparers’ worst fears didn’t materialize.

The committee is looking for a new chairperson as its current chair, Paul Sobel, plans to depart at the end of the year. 

The Big Four firm will pay more than $17.1 million over misconduct on major work it carried out for collapsed Carillion Plc and data services company Regenersis.

Think about implementing some organization and management strategies going forward with clients who want to engage in like-kind exchanges

The Top 10 Firm is taking steps to improve its audits, including hiring a former official from the PCAOB and creating an Audit Quality Advisory Council.

The Internal Revenue Service has been auditing fewer taxpayers since 2010, according to a new report, but audit rates have been plunging the most for higher-income taxpayers.