Audit & Accounting

The IRS initiated 71 percent fewer corporate audits this spring compared with the same time period a year ago as the coronavirus pandemic halted many agency operations.

Multiple submissions for access to the same account slows processing times.

Luckin Coffee Inc.’s board will require Chairman Charles Zhengyao Lu to resign, adding to the fallout from an accounting scandal that has battered the onetime market darling.

Even before the outbreak of COVID-19, CFOs and finance leaders faced an increasingly complex landscape, driven by a multitude of social, political, and economic threats.

Hailee Johnson, a manager in UHY’s audit practice in Michigan, led a softball team sponsored by the firm to a World Series C Softball Championship in 2017, and she is hoping to do the same this year.

ConvergenceCoaching launches annual “Anytime, Anywhere Work” survey; Mazars USA names chief people officer, chief marketing officer; and more CPA news.

Wirecard auditors say ‘elaborate’ fraud led to missing billions

The Internal Revenue Service wasted $22.7 million auditing tax returns that resulted in no additional revenue for the federal government, according to an agency watchdog.

CPAs have a unique view into their clients who will exit their businesses in the not-too-distant future.

Wirecard AG filed for insolvency, the culmination of a stunning accounting scandal that led to the arrest of its CEO and left the German payment-processing firm unable to find over $2 billion missing from its balance sheet.