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Europe’s top markets watchdog is warning companies against getting creative with financial statements that obscure the effect of the coronavirus pandemic on their bottom line.

The Securities and Exchange Commission announced Tuesday settled charges against three former KPMG audit partners for sharing answers to internal training exams.

The founder of U.K. discount retailer Matalan Plc is suing PricewaterhouseCoopers over claims he lost as much as 135 million pounds ($165 million) by relying on advice the accounting firm gave him when he moved to Monaco 20 years ago.

The Top 100 Firm has its eye on more COVID-19 solutions.

Mute points; a twist on taking the AOTC; abolishing estate exclusions; and other highlights from our favorite tax bloggers.

The Internal Revenue Service’s Criminal Investigation unit spent more than $1.3 million in fiscal year 2018 on undercover confidential operations, including travel costs, according to a new report.

Equip your boots on the ground to recognize R&D worthy of credit.

For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.

But relatively few audit execs are actually performing reviews of critical risk areas such as health and safety.

As companies are evaluating continued operations, balancing profits with acceptable levels of loss, functioning with massively more remote work and trying to make up for economic disruptions, the first thought tends to be “How can we cut costs?”

The application from the Treasury leaves many questions unanswered.

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

The application gives customers access to more ways to receive payment from clients during a time when many businesses are experiencing interruption due to the coronavirus pandemic.

Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation.

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

Members of the American Accounting Association's Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting.

Management accountants and CFOs can play an important role in guiding companies through the strategic options available to cope with the COVID-19 pandemic.

Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes.

Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm's fraud and financial crimes practice, offer strategies to help businesses protect themselves from fraud amid the pandemic environment.