Audit & Accounting

The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.

There is a revolution underway in major accounting firms, at least for the ones who take up the challenge to meet the shifts occurring beneath their feet.

The agency managed to open filing season on time despite the recent government shutdown and saw a big opening day.

Approximately 40 percent of private companies are behind schedule on the new leases standard or haven’t started getting ready yet.

Lawmakers are complaining about the agency’s disproportionate number of audits of low-income taxpayers who claim the Earned Income Tax Credit.

Less than two months after leaving prison, the former Enron CEO settled a lawsuit claiming he helped defraud a Canadian investment firm.

They’re rare, but terrifying, so it’s worth bearing these points in mind during a tax exam.

Find a balance that’s right for your accounting firm.

The former Citigroup executive Julie Bell Lindsay is succeeding Cindy Fornelli, who is retiring.

The Institute of Internal Auditors wants organizations to pay more attention to fraud control and decide on the role that internal audit will play.