The Latest

Both presidential candidates, Donald Trump and Hillary Clinton, have come under scrutiny by the Internal Revenue Service for running afoul of rules governing tax-exempt foundations.

It’s no secret that professional services firms house troves of hack-worthy data. Accountants, lawyers, consultants, recruiters, media, creative, IT and other service providers routinely access and share sensitive information to meet client needs—making them prime targets for cybercriminals and the ideal potential victims for data mishandling.

Joel Curry of Validis discusses in this video how continuous auditing can work.

Deloitte announced this week that beginning September 2016 professionals celebrating the arrival of a new child, caring for a spouse or significant other, or supporting aging parents, will have extra support from the firm with the new Family Leave Program.

The Financial Accounting Standards Board proposed improvements Thursday in the accounting guidance for hedging activities.

Workiva, a provider of enterprise cloud solutions, has updated its Wdesk data platform, a cloud-based spreadsheet product.

SAP has enhanced its accounting platform to help CFOs and chief accounting officers master the new IFRS 15/ASC 606 standards on revenue recognition.

The Financial Accounting Standards Board has published a draft version of the proposed 2017 U.S. GAAP financial reporting taxonomy, along with the related release notes.

The Internal Revenue Service is going to make public records available online of cases involving offers in compromise it has accepted from taxpayers who owe tax debts, rather than just making the hard copy printouts available at local offices.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released a discussion draft of proposed legislation that would prevent taxpayers from putting more than $5 million in an individual retirement account.