The Latest

The Public Company Accounting Oversight Board’s long-awaited agreement with Chinese authorities doesn’t really give the PCAOB everything it has been seeking, such as the ability to inspect auditing firms in China, but it does take the PCAOB closer to its eventual goal.

The Internal Revenue Service does not have enough data to identify who claims a tax expenditure and how much they claim, for nearly half the dollar value of all tax expenditures, or $492 billion out of $1 trillion, according to a new report by the Government Accountability Office.

The majority of small and midsize businesses in the U.S. are not seeing enough demand to expand their hiring this year, according to a new survey by Sage North America.

CPA-focused liability insurance provider Camico has released the 10th edition of its book, the “CPA’s Guide to Effective Engagement Letters.”

The enhancements that the Internal Revenue Service is making to its Modenized e-File computer system promise to improve the system’s reliability and reduce delays in processing tax returns next filing season, according to a new report.

An advocacy group has filed a lawsuit in a Washington, D.C., federal court on behalf of 25 Tea Party and conservative organizations against the Internal Revenue Service and top IRS officials, in addition to the U.S. Attorney General and Treasury Secretary, and Internal Revenue Service, arguing that the Obama administration overstepped its authority in subjecting applications for tax-exempt status from Tea Party groups to extra scrutiny.

Growing your business is the name of the game, but getting the word out about your accounting practice is always a struggle. One strategy is to proactively seek recognition for your expertise within your own circle, using social networking.

Doc.It has released the forth version of its document management suite for accounting professionals, with several enhancements to its workflow and processes, document management features, and user interface.

A new report from the Congressional Budget Office found that the top 10 tax expenditures are distributed unevenly across the income scale, with much of the benefit going to the top-earning 1 percent of the population.

The Securities and Exchange Commission is reportedly preparing to turn its attention to accounting fraud cases after being diverted in recent years to Ponzi schemes and subprime mortgage fraud in the wake of the financial crisis.