The Latest

On Tuesday, Intuit announced the launch of its Search for the Firms of the Future contest, celebrating future-forward firms nationwide. The program offers up to 20 accounting firms across the U.S. the chance to win a one-week vacation in Hawaii, an expenses-paid trip to Intuit’s annual QuickBooks Connect conference in San Jose, or a technology prize pack valued at $2,500.

A Bulgarian hacker has admitted to participating in a $6 million fraudulent tax return scheme in which he used tax-filing information stolen from at least four major CPA firms in the U.S.

Annual enrollment for H&R Block's Income Tax Course is now open, with the tax prep company awarding full scholarships covering the cost of tuition and books for spouses of active, reserve, wounded warrior and retired military personnel. H&R Block has offered these scholarships for the past 10 years and granted more than $540,000 in scholarship funds to thousands of military spouses in 2014 alone.

New research indicates that many investors tend to overlook the vague misgivings that auditors might express in letters included with their audit reports, even though those warnings often turn out to be a predictor of future trouble with a company’s financial statements.

Accountants are getting ready to implement the new revenue recognition standard, even though a one-year delay on the date it takes effect seems all but certain.

The New Jersey Tax Court denied Morristown Medical Center a property tax exemption because it did not operate like a non-profit.

Arkansas taxpayers who were victims of severe storms, tornadoes, straight-line winds and flooding that began two months ago may qualify for tax relief from the IRS.

Accountants get unusual views of human frailty and baseness of character. Most of our interactions are stimulating and propel us to growth, but some expose others’ weaknesses and extremely poor personal judgment.

KPMG LLP announced Monday the incoming leaders of the U.S. firm’s audit, tax and advisory businesses, along with the new heads of operations and its Innovation & Enterprise Solutions unit, and other key roles.

The Institute of Internal Auditors has enhanced its International Professional Practices Framework, which has provided internal auditors worldwide professional guidance in various forms since 1947, in response to more recent risks, while also releasing a report on the current pulse of the internal audit profession.