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This new standard changes the game for auditors to make risk assessments even more effective.

A healthy succession plan achieves three main objectives: continuity through client retention, client growth and fair financial treatment of all parties.

A recent survey of professional service providers found that the majority aren't exactly sure what generative AI even is, but they still anticipate spending more for it in both the short and long term.

H&R Block's AI chatbot assistant, a deepfake scam rakes in $25 million, and eight other developments in technology.

Affected businesses may turn to their accountants for help, but are firms the best source to help clients report beneficial ownership information to the feds?

The Praxity Alliance of independent accounting firms reported revenue of $9.7 billion in 2023, an 11% increase over 2022 at constant exchange rates.

Guy Ficco, the current deputy chief of IRS CI, will be the new chief, succeeding Jim Lee.

Finance departments have a powerful opportunity to help organizations remedy one of their most pressing concerns — late payments.

Wolters Kluwer announced that its solution support the global minimum tax in accordance with OECD Pillar II requirements.

Nonprofit development and accounting departments are working toward the shared goals of sustainable growth and accomplishing their mission.

The firm will make 329 roles redundant, while as many as 37 partners will be accelerating their retirement over the next nine months.

Daniel Rotta hid more than $20 million from the IRS, using "pseudonyms, complicated corporate structures and nominees" to conceal offshore assets and income.

The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.

R&D and China; billable versus subscription; trailblazers; and other highlights from our favorite tax bloggers.

Company leaders think their employees and customers trust them more than they actually do, according to PwC's Trust Survey.

Criminals are exploiting networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement.

Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.

The pilot program is expanding in the 12 states where it's available.

Changes in rates and rules at every level require advisors to stay on their toes.

A recent survey from Gartner found that few audit executives report using generative AI in their department, but many say they expect to do so in the future.