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The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.

The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.

Employees were asked to offer up their own tax returns as training data for the company's Grok chatbot, promising a $420 payment as incentive for doing so. Two months later, those payments still haven't materialized.

The discourse surrounding the future of accounting has largely centered on automation, AI and digital transformation. Yet many firms face a more immediate issue.

The amount of the fund is set at $1.776 billion, an apparent reference to the year 1776 and the creation of the U.S.

Lewis Group CPAs acquired specialty-trades accounting firm Atlas Accounting Group in April, expanding its presence in the Pacific Northwest

Will the profession wait for the AI equivalent of 1929 before applying what it already knows? The answer begins with examining what the current AI assurance landscape provides and what it does not.

Technology is not replacing accountants. But it is changing what accounting work involves, and the change is further along than most realize.

Regional Leader Abbott, Stringham & Lynch acquired San Jose, California-based ArightCo.

The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS's 2026-2027 Priority Guidance Plan.