Audit & Accounting

The Internal Revenue Service needs to do a better job of managing its employees in the wake of budget cuts that have forced the IRS to severely reduce tax audits, or else it could be putting its mission at risk, according to a new report from the Government Accountability Office.

The institute also released guidance on auditing prior-period financial statements.

These red flags always draw the IRS’s attention.

Failure to establish nexus may undermine a bid for research and development tax credits.

Tax professionals offer their top strategies for surviving and thriving through April 15.

Wirecard AG surged the most in more than a decade after saying irregularities found in an external investigation into fraud allegations in Asia weren’t material.

The Financial Accounting Standards Board is proposing to make further changes in the income tax disclosure requirements for companies to make them more relevant to users of financial statements.

The delay for the second year running will spare the country’s banks from adding another layer to the $190 billion pile of bad loans on their books.

Sax adds transaction advisory practice; FAF opens search for new Board of Trustees members; and more CPA news.

Faced with a U.S. indictment, the British tech leader had a simple choice: Focus on the criminal trial—with a possible sentence of 20 years in prison—or fight a civil lawsuit first over accounting fraud.