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The two proposals would offer guidance on implementing the Financial Accounting Standards Board’s new standards for long-duration insurance contracts and credit losses.

The Internal Revenue Service issued the 2020 optional standard mileage rates that taxpayers and tax professionals can use to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Customers can upload their documents and get matched with a tax pro.

The Internal Revenue Service has signed a new agreement with Free File, Inc., formerly known as the Free File Alliance, after controversy erupted during tax season this year over the difficulty of finding free versions of consumer tax filing software like TurboTax.

The American Institute of CPAs’ Digital Assets Working Group has released a practice aid to offer guidance on how to account for and audit digital assets such as Bitcoin and other forms of cryptocurrency.

The Securities and Exchange Commission is proposing a set of amendments to the auditor independence rules that have been in place since the early 2000s, allowing firms more leeway in determining conflicts of interest and shortening the lookback period for clients planning to go public.

Many consumer industry companies extend credit or hold significant financial assets. If yours is one of them, it’s time to gear up for the current expected credit loss (CECL) accounting standard.

For tax year 2018 filings, the IRS made a drastic change to the Form 1065, U.S. Return of Partnership Income, that went unnoticed by most practitioners.

Rea & Associates complete annual Help Can Hunger competition; KPM promotes six; and more CPA news.

The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements.

The Public Interest Committee, which oversees the standard-setting activities of the International Public Sector Accounting Standards Board, has initiated a public survey on the governance arrangements at the IPSASB to gauge perceptions of the standard-setting group’s oversight.

The Public Company Accounting Oversight Board has released a document providing information from its conversations with nearly 400 chairs of audit committees.

For the first time in more than five years, the IRS released further cryptocurrency tax guidance.

The Committee of Sponsoring Organizations of the Treadway Commission has teamed up with Deloitte Risk & Financial Advisory on publishing new guidance on managing cyber risks in a digital age.

The Public Company Accounting Oversight Board has issued a concept release proposing a new approach to changing its quality control standards, the biggest change since 2003.

All three are pending final acceptance by the SEC, which is expected to finalize them early next year.

The American Institute of CPAs' practice analysis on the exam found that newly licensed CPAs must have a greater understanding of data analytics and technology.

Data from the IRS helps set the stage for a global battle over taxing businesses.

Erik Asgeirsson describes the new audit tools and many other developments coming out of CPA.com and the American Institute of CPAs.

The $284.7 million budget is an approximately 4 percent increase over 2019.