Audit & Accounting

The Institute of Management Accountants is adding some new capabilities to help accountants stay relevant in a rapidly changing field.

The Center for Audit Quality announced the five grant recipients for independent academic research on audit-related topics.

The firm said the fine should be just a fraction of that size, at 1.4 million pounds.

The Governmental Accounting Standards Board proposed new guidance on how state and local governments should handle the accounting and financial reporting for cloud computing and similar subscription-based information technology arrangements.

The Big Four firm announced that University of Kentucky professor Jeff Payne will be the fourth academic to oversee audit education and research.

U.S. corporations are contributing the smallest share of federal tax revenue in a generation.

Some IRS systems will be unavailable from midnight on May 24 through 7 a.m. on May 28.

A Democrat-led House committee moved a step closer to reviewing President Donald Trump’s tax information after a federal judge ruled U.S. lawmakers have the power to demand records from his accounting firm, Mazars USA LLP.

The chances of an IRS audit for people making at least $10 million a year plunged during the government’s last fiscal year, according to data released on Monday.

The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by the IRS.