Audit & Accounting

The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.

A Texas judge struck down a rule requiring professionals engaged in real estate closings and settlements to report information about nonfinanced transfers.

The goal of regulation should not be unnecessary burdens or barriers to entry. The goal should be confidence that taxpayers are receiving reliable guidance.

The acting head of the Securities and Exchange Commission's enforcement division said he'll focus on "quality over quantity" in bringing cases.

The case may reveal how far auditors can be held accountable for their work on insolvent companies accused of fraudulent accounting.

It's unclear whether the commission plans to move auditor enforcement out of the PCAOB and into the SEC.

The yearslong lawsuit involves the investors in a defunct hedge fund who sued the auditing firm for negligence, breach of contract and breach of fiduciary duty.

PricewaterhouseCoopers network affiliates in Mauritius, Kenya and Rwanda can't provide professional services for projects financed by the institution for 21 months.

KPMG International elected Gary Wingrove as its next global chairman and CEO, succeeding Bill Thomas in a four-year term, effective Oct. 1, 2026.

Today, we all have an opportunity to move beyond a compliance exercise measured in credit hours and embrace CPE as a strategic engine that drives innovation.