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The construction company's liquidators are seeking $8.4 billion in a lawsuit against PwC International and its mainland China and Hong Kong affiliates.

The Financial Accounting Foundation named Hillary Salo as the next chair of the Financial Accounting Standards Board, starting July 1, 2027.

Below the fold; AI hyperscalers; politically biased; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board released questions and answers for QC 1000, A Firm's System of Quality Control, ahead of its Dec. 15, 2026, effective date.

The Financial Accounting Standards Board issued a proposed ASU to clarify how the definition of cash equivalents applies to digital assets such as stablecoins.

The Treasury Department issued a notice of proposed rulemaking on implementing a section of the GENIUS Act on who can sell digital assets pegged to a fiat currency like the U.S. dollar.

Ernst & Young has enhanced its internship program, combining real-world work experience with coaching and future-focused skills development.

The Internal Revenue Service's Criminal Investigation unit has been stepping up its enforcement efforts targeting financial crimes tied to illegal gambling.

The team of attorneys and accountants' job is spotting when financial reporting crosses from aggressive into misleading.

After years of promises, stablecoin issuer Tether said it has received a full independent audit of its financial statements for the first time.

Plus, TransFi launches Jarvis for cross-border payment compliance; PwC Canada joins with Alation to develop AI solutions; and other accounting tech news.

The Public Company Accounting Oversight Board released its annual inspection reports for the largest six audit firms, indicating better results.

The Internal Revenue Service didn't do enough to ensure a drug-free workplace, according to a new report.

Ernst & Young has been ramping up its use of artificial intelligence technology to make its audits more thorough for clients worldwide, while turning auditors into AI developers.

The IRS takes a victory lap for customer service in a recent report. But from the standpoint of its most important customers, it isn't serving them nearly as well.

Intuit announced a host of new upgrades and capacities in Intuit Enterprise Suite and QuickBooks Online Advanced made specifically for mid-market entities.

Trump asked an appeals court to pause a judge's order imposing sanctions on him and his lawyers for how they handled his $10 billion lawsuit against the IRS.

Xero Payroll completes the trifecta of accounting, payments and payroll that is key to the company's 3x3 strategy.

The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.

The Securities and Exchange Commission is considering taking direct control of a controversial database that tracks trades across equities and options markets.