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A tax strategy once used by the hedge fund Renaissance Technologies is attracting a new level of scrutiny from the IRS.

The consulting and internal audit firm Protiviti has released its annual Internal Audit around the World outlook.

As your clients’ most trusted adviser, how can you protect them from the financial threat and high costs of long-term care?

A scammer who organized a scheme in which taxpayers were threatened with calls purporting to come from the Internal Revenue Service and the FBI demanding payment has been sentenced to 14 years in prison.

The Internal Revenue Service’s Whistleblower Office received more claims last fiscal year than in any prior year as the program has begun paying out larger awards to tipsters with information on tax evaders.

The American Institute of CPAs has posted new information on its Web site for auditors who are asking for further information from attorneys.

The Senate Finance Committee released a series of reports Wednesday from five bipartisan tax working groups working on various aspects of tax reform.

Step aside, Doctors Without Borders. A new class of professionals is ignoring national frontiers to come to the aid of economically struggling nations.

The Securities and Exchange Commission is increasingly relying on administrative hearings for its enforcement actions, according to a new report.

The U.K. Financial Reporting Council is investigating former employees of RSA Insurance Group Plc’s Irish unit regarding accounting irregularities in 2012.

Noble Group Ltd. appointed PricewaterhouseCoopers LLP to review how it values some of its assets after criticism of the Asian trading company’s accounting practices.

Accountants are often selected as trustees of trusts for their clients. But before agreeing to act as trustee, the accountant should understand the time constraints and obligations of a trustee, along with other potential pitfalls, including trust scams.

A group of lawmakers has introduced legislation to roll back guidance from the Treasury Department that prohibits employers from using stand-alone health reimbursement arrangements to reimburse employees for health care-related expenses.

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, are reassessing its structure and effectiveness.

On Tuesday, Intuit announced the launch of its Search for the Firms of the Future contest, celebrating future-forward firms nationwide. The program offers up to 20 accounting firms across the U.S. the chance to win a one-week vacation in Hawaii, an expenses-paid trip to Intuit’s annual QuickBooks Connect conference in San Jose, or a technology prize pack valued at $2,500.

A Bulgarian hacker has admitted to participating in a $6 million fraudulent tax return scheme in which he used tax-filing information stolen from at least four major CPA firms in the U.S.

New research indicates that many investors tend to overlook the vague misgivings that auditors might express in letters included with their audit reports, even though those warnings often turn out to be a predictor of future trouble with a company’s financial statements.

Accountants are getting ready to implement the new revenue recognition standard, even though a one-year delay on the date it takes effect seems all but certain.

The New Jersey Tax Court denied Morristown Medical Center a property tax exemption because it did not operate like a non-profit.

Arkansas taxpayers who were victims of severe storms, tornadoes, straight-line winds and flooding that began two months ago may qualify for tax relief from the IRS.