The Latest

The Financial Accounting Standards Board has released an exposure draft proposing changes in its conceptual framework related to how items are presented in a financial statement.

The Internal Revenue Service has closed an eight-year exam of about $300 million of tax-exempt bonds issued for The Villages, one of the world’s largest retirement communities, without imposing a penalty, according to a filing by the development districts that issued the debt.

Panalitix, an online platform that provides members access to growth-enabling tools, is preparing to list on the Australian Securities Exchange.

Internal audit departments are making greater use of innovative technologies such as data visualization, according to a new report.

The Internal Revenue Service is recommending tax professionals monitor their Preparer Tax Identification Numbers for signs of suspicious activity.

Ready to launch your own practice and wondering how to legally structure your business?

Grant Thornton’s new chief operating officer, Jim Brady, plans to execute the firm’s strategy and expand its presence in advisory services such as cybersecurity and strategic consulting.

The AICPA announced on Wednesday that Dr. Penne Ainsworth is the winner of the 2016 AICPA Distinguished Achievement in Accounting Education Award. She was honored at the annual meeting of the American Accounting Association (AAA) in Manhattan this month.

Is a cloud-based system or solution more or less secure than internally managed IT systems?

PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender’s bankruptcy trustee told a Miami jury on Tuesday.