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The Financial Accounting Standards Board released an accounting standards update Wednesday aimed at decreasing the complexity of accounting for costs of implementing a cloud computing service arrangement.

The International Federation of Accountants is outlining some possible ways forward to resolve a disagreement with the Monitoring Group of financial regulators over the standard-setting process for global auditing and accounting education.

Machine learning has emerged as one of the biggest and most promising technology trends today, poised to greatly transform our lives and how we do business.

The International Accounting Standards Board is considering changes in how to account for goodwill under International Financial Reporting Standards, perhaps reintroducing goodwill amortization.

Xero legal expert Adam Lovingood details the latest developments in data protection.

The Taxpayer Protection Act requires tax preparers to use their PTINs to file state returns and includes other measures to stop bad apples.

Accountants need to be disrupters -- or they’ll be disrupted, according to the head of the Illinois CPA Society.

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.

The Massachusetts Society of CPAs is offering students at Haverhill High School up to 12 college credits via the University of Massachusetts—Lowell in an effort to attract more young and diverse talent to the profession.

The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025.