Organization Root Tag

Effective June 7, isolation of Russia includes sanctions prohibiting U.S. accounting firms — even U.S. firms operating from offices overseas — from providing a variety of services to Russian individuals and entities.

Dealmaking in the consulting world has slowed after a record-setting pace in 2021, but demand for digital expertise along with a shakeup at one of the Big Four accounting firms should keep the deals flowing.

Crypto companies that have been trying to go public since last year’s boom remain stuck in a lengthy back-and-forth with U.S. regulators, adding to the pile of challenges facing the industry.

Business executives who assume their companies are highly trusted by consumers are overestimating their level of trust, according to a new PwC survey.

IRS statistics paint a picture of how small businesses were impacted by COVID-19 in 2020, and more.

Taxes versus budgets; meaning of gross taxable income; new blog in town; and other highlights from our favorite tax bloggers.

At its annual conference this week, the IMA put a spotlight on how accountants are dealing with challenges like inflation and supply chain shortages.

The Internal Revenue Service issued a revised Audit Technique Guide to help examining agents evaluate the validity of cost segregation studies submitted by taxpayers to substantiate accelerated depreciation deductions.

From Malta to Puerto Rico, the IRS has scoured the world for its annual ‘Dirty Dozen’ list of the worst tax schemes.

The Financial Accounting Standards Board is asking its stakeholders to provide feedback on whether it should work on a new standard to account for government grants while building on an existing international standard.

The board released guidance Monday to improve the accounting and financial reporting requirements for state and local governments.

Workers in the U.S. who are increasingly job-hopping these days risk making one of the biggest financial mistakes out there.

Companies are leaning more on risk management technology, with 72% planning on increasing their spending on technology to support the detection and management of risks.

The Internal Revenue Service gave out far less money last year to tax whistleblowers than in recent years and collected much less as well, according to a new report.

Deloitte is denying a report this week that it plans to spin off its audit practice as a separate entity from its consulting practice as rival Big Four firm Ernst & Young contemplates such a move.

The International Federation of Accountants signed a memorandum of understanding to support efforts to improve financial transparency, accountability and anti-corruption efforts in the public health sector around the world.

The Treasury Inspector General for Tax Administration is raising the alarm about identity thieves and fraudsters with a pair of public service announcements on YouTube.

With gas prices rising, the service announced an unscheduled increase.

The profession needs to leverage both its unrivaled reputation for trustworthiness and its creativity and entrepreneurial spirit, say leaders at the AICPA.

Plus, still more reason for both hybrid work environments and strong passwords; a MacBook shortage; and other recent developments in technology.