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The new standard represents one of the biggest changes to IFRS in decades.

The firm may pursue its claims through an administrative office at the agency after agreeing with the federal government to dismiss its case.

Crete Professionals Alliance added Reid Tax & Advisory Services; and Financial Independence joined Level Four Financial.

Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.

The board imposed its largest-ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines.

Plus, Google is making massive changes to Chrome, AI-powered tax chatbots aren't performing well, and seven other things that happened in technology this past month.

The tax prep giant settled a proposed class-action suit that claimed it schemed to prevent employees from moving between corporate and franchisers.

Registrations are open for the 2024 Accounting MOVE Project, with a focus on private equity's impact on accounting career paths.

The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large corporations.

The Public Company Accounting Oversight Board voted to propose an extensive set of new reporting requirements to impose on auditing firms.