The Latest

The Internal Revenue Service is cautioning taxpayers and tax practitioners against the newest scams as losses top $20 million in money stolen from victims by fraudsters claiming to work for the IRS and other government agencies, including the Department of Motor Vehicles.

CFOs have a more favorable view of the U.S. and world economy so far this year, according to a new survey.

The Securities and Exchange Commission announced charges Thursday alleging that Miller Energy Resources Inc., its former chief financial officer, and its current chief operating officer inflated values of oil and gas properties, resulting in fraudulent financial reports for the Tennessee-based company.

The management of the IRS was “delinquent” in its treatment of Tea Party groups seeking nonprofit status and the agency’s poorly planned efforts to address the issue “ended in predictable failure,” according to a U.S. Senate report released on Wednesday.

The last of Bernard Madoff’s employees to be sentenced in the largest Ponzi scheme in U.S. history was ordered to serve six months in prison after pleading for mercy because of his failing health.

Former Internal Revenue Service commissioner Mark Everson has filed a complaint with the Federal Election Commission objecting to being left out entirely of Fox News’s Republican presidential debate.

Leaders of the Senate Finance Committee have released a bipartisan investigative report on the scandal involving the extra scrutiny the Internal Revenue Service’s gave to applications for tax-exempt status from political groups, finding evidence of mismanagement at the agency.

The Securities and Exchange Commission has adopted a final rule requiring public companies to disclose the ratio of the compensation of their CEOs to the median compensation of their employees.

Serving nonprofit clients requires a distinct skillset from CPAs and auditors.

The global economy is facing a period of volatility and major readjustments, according to a new survey of accountants around the world from the Association of Chartered Certified Accountants and the Institute of Management Accountants.