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The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office.

The Internal Revenue Service is continuing to expand its efforts to detect tax refund fraud this tax season, according to a new report.

As recently as 2010, the Internal Revenue Service used to audit nearly all 'corporate giants.'

The Internal Revenue Service and its partners in the tax industry and state tax authorities issued a warning Monday about a wave of e-mails from cybercriminals purporting to come from “IRS Refunds.”

The Ole Miss Patterson School of Accountancy will debut the master of accountancy and data analytics and the master of taxation and data analytics programs this fall.

Biotech, pharmaceutical, medical device and related businesses are dealing with recent accounting standards, plus a new tax law, amid a changing landscape for their industry.

The new practice will offer full security programs, compliance, third-party vendor risk assessment, threat management and managed security services.

The technology consulting firm will sell, implement and support the cloud financial management software.

For accountants who manage credit for their clients, organizing and sharing data, tracking orders, scheduling tasks and managing workloads are key to long-term success and growth.