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Citigroup Inc. agreed to pay $590 million in cash to settle a lawsuit by investors alleging the bank hid risks tied to toxic assets, the plaintiffs said.

If Shakespeare ever had a great Twitter writing tip, it would have to be, “Brevity is the soul of wit.”

The Sports, Arts and Entertainment Group of St. Louis accounting and business consulting firm Anders Minkler & Diehl and Festus, Mo.-based Barnes Sports Group have officially merged after a year of working together as affiliated entities.

Cindy Fornelli of the Center for Audit Quality talks about the framework that auditors should be using to combat fraud.

The IRS has completed its six-city swing through America, with forums staged in Orlando, Atlanta, San Diego, Las Vegas, Chicago and New York.

Global CEOs and U.S. small business owners would like political leaders and candidates for office to focus more on tax reform, regulation, the size of government and entitlements, and the national debt in order to stimulate economic growth and job creation, according to a new report.

The owner of a Long Island tax preparation service was sentenced to serve one year and one day of imprisonment for preparing false federal tax returns for her clients.

The American Institute of CPAs and the National Association of State Boards of Accountancy this month celebrated the one-year mark since the launch of the U.S. CPA examination at test sites in Japan and the Middle East.

The American Institute of CPAs has written to Internal Revenue Service Commissioner Doug Shulman outlining its concerns with what it sees as a “widespread problem affecting numerous taxpayers”: erroneous letters from the IRS to taxpayers filing foreign trust forms.

The firm of the future needs to be ready to adapt to constant change, according to Teresa Mackintosh, executive vice president and general manager of tax at CCH, in her keynote, “The Future-Ready Firm,” at the Midwest Accounting & Finance Showcase.