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The Internal Revenue Service has placed 50 senior IT leaders on administrative leave, as the union filed suit over a Trump order on collective bargaining.

The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.

The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.

The institute's Accounting and Review Services Committee clarified a standard on financial statement prep that has major ramifications for CAS practices.

Tax collection projections are down. Refunds are up. That's a formula that could dampen U.S. government revenue.

The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.

The Securities and Exchange Commission voted to end its defense of the climate-related disclosure rule it approved last year under the Biden administration.

The PS+ practice serves nearly 80 firms across the U.S. and Canada.

Suzan DelBene, D-Washington, and Terri Sewell, D-Alabama, introduced legislation to prevent Trump from reassigning IRS investigators to immigration enforcement.

Paul Atkins deflected questions on whether the Public Company Accounting Oversight Board should be scrapped, saying it was up to Congress.

Big Four firm PwC released Agent OS, an agentic AI operating system to streamline AI workflows and orchestrate complex, multi-agent business processes at scale.

Many companies are enthused by Trump's proposals to cut taxes and regulation, but there's mounting concern that his tariffs will raise prices and squeeze margins.

The Criminal Investigation unit of the Internal Revenue Service launched 2,039 tax and money laundering cases related to COVID fraud over the past five years.

The Internal Revenue Service's Direct File program is attracting interest this tax season, but lack of familiarity and budget cuts at the IRS may doom it.

The Treasury Department limited the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies.

The CFA Institute is urging accounting standard-setters to require more detailed disclosures of intangible assets before they're recognized on the balance sheet.

The CPA organizations sent a joint comment letter to the California Air Resources Board asking for changes in the state's climate risk disclosure rules.

Traditional AI and generative AI aren't significantly more likely to produce high productivity gains compared to other innovations like RPA or blockchain.

Much depends on tax-collection proceeds, with the April 15 filing date fast approaching.

Taxpayers that suffer a smaller loss might not have the sophistication to know that they could be entitled to take a theft loss deduction, warns one expert.