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That makes the trusted role of the profession even more important than ever, according to the AICPA's Barry Melancon.

Chicago-based Top 10 firm Grant Thornton found that finance leaders, who were already concerned about inflation, grew even more pessimistic about the road ahead. 

As part of the AICPA Fellowship for Minority Doctoral Students, the AICPA Foundation offered 23 minority doctoral students a $12,000 fellowship. 

The Internal Revenue Service issued its annual notice providing rates for taxpayers to use in substantiating the amount of ordinary and necessary expenses they've incurred while away from home.

The Internal Revenue Service added new information to its FAQ page on the tax rules surrounding the use of coronavirus funds for mortgage insurance and home purchases.

Deloitte and the University of Maryland's Robert H. Smith School of Business have collaborated to debut the Deloitte Initiative for AI and Learning, an AI research initiative set to improve educational and advancement opportunities for students and faculty. 

The service is giving companies and tax professionals another year to fix up their claims for the research and development tax credit.

The Treasury Inspector General for Tax Administration said the IRS implemented several cloud services without having a fully implemented security control infrastructure in place.

The IRS is pushing deadlines out to Feb. 15 for those impacted in Florida.

The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.