Organization Root Tag

The final regulations provide a long overdue update to rules that had been in place since at least the 1950s, and even the 19th century.

Updating engagement letters; tax neutrality; the usual losers; and other highlights from our favorite tax bloggers.

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year.

Bloomberg Tax and Accounting announced a new strategic partner program with major tax prep software providers in order to expand the set of available tools for users.

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.

The Big Four firm has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.

The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.

UHY launches global rebrand; IRS selects first associate chief counsel for the newly created passthroughs, trusts and estates office; and more news from across the profession.

The amount individuals can contribute to 401(k)s in 2025 has increased by $500 to $23,500, but the IRA limit remains $7,000.

The megadeal creates a combined firm with approximately $2.8 billion in annual revenue.

Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve their questions ahead of filing, according to a new report.

The Public Company Accounting Oversight Board released guidance on the remediation process for auditing firms with deficiencies in quality control.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.

The number of taxpayers filing individual income tax returns is projected to increase by about 10,000,000 over the next eight years.

The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.

The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.