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The Public Company Accounting Oversight Board co-hosted a two-day conference highlighting the work of academic researchers.

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.

Grant Thornton Advisors is growing internationally, as GT member firms in France, Spain and Belgium join the platform.

The Internal Revenue Service's contingency plans for a government shutdown are currently unknown, with the web page for the most recent plan from last December returning an error message as of Friday afternoon.

The International Federation of Accountants chose Thomas Müller-Marqués Berger as the new chair of the International Public Sector Accounting Standards Board.

The Treasury Department reported it has made significant progress on modernizing information systems at the Internal Revenue Service and signed agreements.

Tax traps; women in the profession; checking out; and other highlights from our favorite tax bloggers.

The Internal Revenue Service and Treasury Department's phase out of paper refund checks for individual taxpayers is the first step in an earlier announced order to more widely transition to electronic payments.

Notice 2025-54, announces the special per diem rates for the special transportation industry rate, the rate for the incidental expenses-only deduction, and the rates and list of high-cost localities.

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.

AI can, in theory, make people more productive. But the results of a recent study show this is not guaranteed, as people report receiving low quality AI "workslop" outputs that paradoxically increase the amount of work.

The agency extended the four-year replacement period for livestock sold due to drought.

The AICPA and NASBA are closing the Experience, Learn and Earn program at the end of this year due to insufficient scale.

Plus, Workday rolls out host of new AI agents, introduces "flex credits"; Canopy Smart Intake now includes AI-driven document requests; and other tech news.

The Treasury Department released its proposal regarding tax relief on tips, one of Donald Trump's key promises in the 2024 campaign, including new prohibitions.

Senate and House Democrats proposed a bill to ensure billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced legislation pertaining to the IRS and the U.S. Tax Court.

The Financial Accounting Standards Board posted an accounting standards update to improve the guidance on accounting for internal-use software costs.

IFRS Foundation appoints new trustee; IPSASB announces new and returning board members; and more news from across the profession.

The National Association of State Boards of Accountancy and the American Institute of CPAs today released an exposure draft proposing changes to Continuing Professional Education standards.