Audit & Accounting

Tax professionals share the strangest misconceptions their clients have about taxes.

Nonprofit and for-profit organizations that received Paycheck Protection Program loans could unexpectedly find themselves confronting the “single audit” requirement for the first time, even though PPP loans are supposedly exempt.

The National Association of Registered Social Security Analysts and its site, NARSSA.org, will look to aid professionals and firms who provide Social Security advisory services to its clients.

Claims for the R&D tax credit may be coming under closer scrutiny from the IRS.

A collection of things practitioners already hate about dealing with their clients this season.

Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may have been faked.

The American Institute of CPAs is proposing to revise its quality management standards to take a more risk-based approach targeted at the types of engagements performed by the CPA firm.

Knowing what is required and completing documentation in a timely fashion maximize the company’s opportunity to receive its incentive reward.

One major difference between past audits and those of today are they are now being almost completely performed in a remote environment.

Accounting Today’s editors pick the best new and most improved tools and resources for accountants from the past 12 months.