Audit & Accounting

Most small businesses do run their own payroll, but they also wish they didn’t have to.

Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it’s been used for digital assets like Bitcoin.

The proposed changes could have the potential for expanding future enforcement proceedings.

The average U.S. household is paying an annual surtax of more than $3,000 to subsidize taxpayers who aren’t paying all they owe, a new report from the Taxpayer Advocate Service found.

CPAs should be wary of these seven client requests around revenue recognition.

The International Ethics Standards Board for Accountants has released a set of revisions to the International Code of Ethics for Professional Accountants, making some changes in the independence standards for assurance engagements, other than audit and review engagements.

Avoid some of the problems that can come up during an audit by using the wrong words.

Sometimes it can feel like now, it’s up to the client to do their part so you can do your job. In many ways, you’re right.

Get working on it now, before the filing season rush begins.

The Internal Revenue Service’s announcement last month delaying a requirement for reporting partners’ share of partnership capital offers some extra time to busy tax practitioners, but the issue still isn’t going away and may lead to some other problems.