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The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.

The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report.

With the IRS continuing to launch promoter audits, it is important that anyone subject to such an audit consider a few strategic issues.

A new Hinge study details the marketing tactics of high-growth accounting firms.

The Internal Revenue Service's efforts to halt fraudulent claims for the Employee Retention Credit have protected more than $1 billion since the agency instituted a processing moratorium.

Plus, Chime now offers in-app tax filing; Financial Cents' new ReCats tackles uncategorized client transactions; and other accounting tech news.

PBMares establishes new risk advisory consulting practice; Weaver adds a tax partner; and more news from across the profession.

Grifols SA shares dropped as investors evaluated a regulatory review of the Spanish bio-science company's financial reports, which found "relevant deficiencies" but no major accounting mistakes.

Markus Jooste allegedly took his own life after being notified of arrest warrants over an accounting scandal.

As accounting leaders use technology to increase efficiency and reduce workloads, they're finding further benefits in the form of improved accuracy and quality.

Chinese authorities are ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

Dan Rotta, 77, was charged in Miami with hiding assets from the IRS in two dozen secret Swiss accounts between 1985 and 2020.

The gang's all here; not in good hands; lack of redemption; and other highlights of recent tax cases.

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

A congressional hearing with the Treasury secretary presaged a partisan battle over sweeping reductions set to expire at the end of next year.

Businesses will get help determining whether profits interest and similar awards should be accounted for as share-based payment arrangements.

The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.

The modern chief financial officer is increasingly tasked with risk management, including identifying and mitigating various risks such as cyberthreats and regulatory compliance issues.

A former employee of U.K. tech mogul Mike Lynch's Autonomy Corp. told jurors at his U.S. criminal trial that she and one of her higher-ups were both fired after flagging concerns about accounting irregularities.

The Securities and Exchange Commission has charged two separate investment advisors for severely overstating their use of AI and machine learning for financial advice.