The Latest

A federal judge ruled PricewaterhouseCoopers was negligent in its audits of Colonial Bank, which failed in 2009 in the midst of the financial crisis, potentially exposing PwC to heavy damages.

Wipfli LLP, a Top 100 Firm, has merged in Kessler Orlean Silver & Co., effective Jan. 1, 2018, expanding the Milwaukee-based firm’s presence in Chicago.

A roundup of influential and important legal decisions from the past year.

Mueller CPA has merged in Mulcahy, Pauritsch, Salvador & Co., another firm in the Chicago area, effective Jan. 1, 2018, building its presence around the Windy City.

Minimum wage increases in states across the country are helping drive up wages, although the rate of job growth at small businesses has slowed down, according to payroll giant Paychex.

RSM partner Rich Stuart dives into the potential impact of FASB’s incoming standard for leases.

Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities.

Alphabet Inc.’s Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving at least $3.7 billion in taxes that year, regulatory filings in the Netherlands show.

The name that Republican tax writers gave to a new, multibillion-dollar business levy implies that it targets foreign earnings from “intangible” intellectual property—hitting tech firms and drugmakers like Apple Inc. and Pfizer Inc.

The Internal Revenue Service and Treasury Department will generally allow existing loans and other related-party transactions involving the overseas affiliates of multinational corporations to be taxed at the lower of two preferential rates, according to an official notice.