Organization Root Tag

EY leads among the largest auditors in the first quarter of 2020.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

The auditing profession is responding to the novel coronavirus pandemic by adjusting how it conducts audits, and that’s evident in the Center for Audit Quality, whose CEO, Julie Bell Lindsay, took over the leadership job when the priorities for the profession and the CAQ looked far different.

An independent audit into Wirecard AG concluded that it was unable to obtain the data needed to confirm past revenues, and criticized the payment processor for internal “shortcomings” and unwillingness by its third-party partners to contribute to the report.

The Internal Revenue Service announced that it is delaying its Special Enrollment Examination tests for Enrolled Agents due to the ongoing novel coronavirus pandemic shutting down its testing centers.

Starting in May, preparation will be free for police, firefighters, EMTs and health care workers.

The American Institute of CPAs offered suggestions on how the federal government’s Paycheck Protection Program should deal with forgiving loans.

The U.S. Treasury Department is planning to instruct people whose deceased relatives received coronavirus stimulus payments to return the money to the federal government, according to a department spokesman.

The International Auditing and Assurance Standards Board has released an exposure draft of a standard for improving the quality of audits of group financial statements.

Cyber-safety at home; next for PPP and other relief; IDs not confidential; and other highlights from our favorite tax bloggers.

PricewaterhouseCoopers has developed a contact-tracing app as the Big Four firm looks forward to reopening its offices during the coronavirus pandemic and tries to help its clients safely open theirs as more states announce plans to gradually lift their stay-at-home orders.

Started in 2009, the American Institute of CPAs' program recruits candidates who are interested in becoming college professors.

The U.S. Supreme Court asked for additional briefs in an upcoming clash over President Donald Trump’s financial records, telling the lawyers to address whether courts have the power to consider the lawsuits he filed to challenge House subpoenas.

A timely reminder that not all tax rules have been suspended.

Public companies are dealing with a variety of financial reporting difficulties in the face of the unpredictable COVID-19 pandemic and the impact it’s having on businesses of all sizes.

In several cases, the service was responding to earlier glitches.

Accountants could use their experience and expertise to educate their elected officials and fellow citizens about their government’s financial condition.

The Internal Revenue Service is urging some benefits recipients to register their children and other dependents for the extra $500 per child stimulus payments by May 5 if they haven’t already filed a tax return for 2018 or 2019.

The multi-year, international collaboration will include a series of events focused on bettering the future of the accounting, tax and audit industries.

We just got through a most unusual “tax season,” with taxes pushed aside at the beginning of April to be consumed with the SBA and PPP.