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Forty percent of senior finance executives at midsize companies say that lack of bargaining power with customers and suppliers is their biggest obstacle in improving cash and working capital management.

The National Taxpayer Advocate is raising concerns about the effectiveness of the Internal Revenue Service’s increasing reliance on correspondence exams instead of face-to-face audits.

In the often “buttoned-up” world of accounting, casual Fridays are coveted days where employees embrace the opportunity to dress down.

Corporate audit giant Ernst & Young operates a lobbying firm in Washington, D.C., that has been hired in recent years by several corporations that were at the same time E&Y audit clients, prompting two senior lawmakers to demand closer regulatory scrutiny.

The world's largest accounting and auditing firms, known as the Big Four, have been pumping more money than ever before into U.S. lobbying and political campaigns as they confront new challenges from their regulator and Congress.

Seven Democratic senators have written a letter to IRS Commissioner Doug Shulman urging the agency to impose a strict cap on political spending by tax-exempt nonprofit groups, the latest volley in a war over 501(c)4 groups associated with so-called SuperPACs.

Regulators are seriously seven major changes in financial reporting that could be game changers for accountants.

A federal judge has approved the settlement of the Securities and Exchange Commission’s complaint against headphone maker Koss Corporation and its CEO and former CFO Michael Koss.

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