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Generative AI continues to build in the accounting world, as both KPMG and Armanino announced new capacities in their respective audit tools.

The Internal Revenue Service has introduced new measures for streamlining reporting of renewable energy credits, as well as final rules on corporate stock repurchases and cryptocurrency transactions.

Wolters Kluwer has acquired a host of cloud-based financial workflow and data exchange solutions from Belgian fintech Isabel Group.

The Internal Revenue Service isn't in full compliance with the federal government's guidance for removal of TikTok from devices, according to a new report.

The accountant shortage remains an acute challenge in the U.S. and other parts of the globe, but some countries may be experiencing a comeback.

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.

UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.

The Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.

The Internal Revenue Service issued a notice with initial guidance on claiming a tax credit involving carbon sequestration.

The Garden State will be the next to join the program next filing season.

The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.

AitM; IRS strategies after Chevron; the taxman's jackpot; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board has released the results of initial outreach efforts regarding auditors and generative AI.

Individuals and businesses in the affected counties now have until next Feb. 3 to file various federal individual and business tax returns and make tax payments.

Thomson Reuters announced the general release of Checkpoint Edge with CoCouncil, now sporting an AI-Assisted Research feature for tax research as well.

Accounting firms are helping clients navigate the tax incentives available under the Inflation Reduction Act.

Weaver appoints regional executive partners; Plante Moran adds 25 partners; and more news from across the profession.

If CFOs were students, their grades would be taking a hit due to late homework.

Plus, Bloomberg Tax and Accounting unveils new AI features; and other news from the accounting technology world.