Mark Friedlich

Friction simmers within the audit industry following the Public Company Accounting Oversight Board's controversial June 2023 proposal to revise its standard on noncompliance with laws and regulations.

This new standard changes the game for auditors to make risk assessments even more effective.

An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power."

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

Beginning Jan. 1, 2024, tens of millions of small businesses must file beneficial ownership information reports.

The service is sending 20,000 disallowance letters, with more action and a voluntary disclosure program coming.

The CTA and beneficial information reporting may be a game-changer for accounting firms. Here's what you need to know.

Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.

The organization recently issued important new guidance that has significant implications for U.S. companies doing business abroad.

Former commissioners weigh in on the details of the Strategic Operating Plan and how the agency will spend its $80 billion.

Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.

IRS algorithms in determining tax returns to audit, enforcement policy and resource constraints result in significant racial disparity in returns chosen for a tax audit.

Notice 2023-2 offers interim guidance on the 1% tax introduced by the Inflation Reduction Act of 2022.

If the program ultimately moves forward, tax professionals should know about the rules when advising their clients.

Tax professionals have been clamoring for more detail and clarity regarding whether (and under what circumstances) corporations and partnerships must file Schedules K-2 and K-3, particularly where they have little or no foreign activity and shareholders or partners.

The hurricanes made it impossible for many taxpayers to meet the Oct. 17 and other impending tax deadlines.

To expand the affordability of energy-efficient vehicles for U.S. consumers, the law made changes to the tax credit for all-electric cars and hybrid plug-ins.

Earnings in these accounts aren’t taxed unless a distribution exceeds a designated beneficiary’s qualified disability expenses.

Congress has returned from recess this week to a packed agenda and not much time before their scheduled summer recess.