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KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.

There's a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore.

The development comes as Trump is appealing a trial loss that resulted in a $454 million judgment against him and his company for inflating the value of assets by billions of dollars.

A roundup of the flood of sanctions, fines and penalties issued over the past year or so by the PCAOB.

The regulatory environment around accounting is getting stricter, as the IRS, the SEC and the PCAOB crack down.

When someone leaves, they need to be replaced and with that comes orientation, training, introduction to your systems and procedures and to your culture.

Stubbornly persistent differences between white and Black households' income and assets present financial advisors with the big-picture implications of their work.

The IRS is planning to offer its free tax prep system around the clock next week and open it to a larger group of outside testers.

The lack of help means current accountants' hours and workloads can be grueling, upping the odds of mistakes and burnout.

The Securities and Exchange Commission has scheduled a meeting on its long-awaited climate disclosure rule.

Crowe collaborates with Intuit QuickBooks; Bonadio Group raises nearly $25K through firmwide Big Give campaign; and more news from across the profession.

An early pioneer in the ESOP space, Katz, Sapper & Miller now advises clients on the alternative business structure.

Plus, Vic.ai announces fee transition; and other updates from the accounting tech arena.

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

Some generative AI scenarios and machine learning models can add incredible value even if they are right only 90% of the time.

The president will advocate plans to increase taxes on the wealthy and corporations as well as to lower prescription drug prices in his speech next week.

Shamrock shake-up; now for the slow life; Superiority complex; and other highlights of recent tax cases.

The Financial Accounting Foundation is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.