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The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors.

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.

KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future."

While the Internal Revenue Service has managed to reduce its backlog of unprocessed tax returns since the pandemic, one area where it's losing ground is in processing all the documentation for tax adjustments.

The amount of time that identity theft victims have to wait for tax refunds has increased as the Internal Revenue Service has shifted priorities, with some waiting nearly two years.

The jobs report blew past expectations, although the unemployment rate ticked up to 4%.

A former auditor, Nicolas Forissier was made a "chevalier" — or knight — of France's National Order of Merit during a ceremony at the Senate in Paris.

Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.

The practice aid provides information on auditing the valuation of cryptoassets and audit procedures surrounding their existence, rights and obligations.

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

The White House has vetoed a bill that would have repealed a measure requiring custodians of crypto assets to count them as liabilities on their balance sheets.

The U.S. Fifth Circuit Court of Appeals in New Orleans sided with the private funds industry, which argued that the agency overstepped its authority.

The jobs market showed signs of a slowdown last month as the private sector added 152,000 jobs in May, while annual pay grew 5% year over year, ADP reported.

The IRS is pushing back filing and payment deadlines for those impacted by last September's storms and flooding.

Restocking the accounting profession's talent pipeline is everyone's responsibility, says the National Pipeline Advisory Group.

Our confusing Tax Code; IRS mail problems; disaster victims' deadline; and other highlights from our favorite tax bloggers.

The Internal Revenue Service's plans to expand the Direct File free tax program nationwide next year could meet an early demise if Republicans gain control of Congress and the White House next year.

Hourly earnings growth for employees slid to their lowest level since the middle of 2021, according to Paychex.