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The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

Businesses will get help determining whether profits interest and similar awards should be accounted for as share-based payment arrangements.

The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.

The modern chief financial officer is increasingly tasked with risk management, including identifying and mitigating various risks such as cyberthreats and regulatory compliance issues.

The Securities and Exchange Commission has charged two separate investment advisors for severely overstating their use of AI and machine learning for financial advice.

Senior leaders from Accounting Today's Top 100 Firms and Regional Leaders share their biggest concerns for the year ahead.

Understanding the power AI holds, accountants cautiously embrace the new technology that may disrupt their industry.

The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.