Audit

As businesses downsize office space and renegotiate leases, they need to look at how they’re accounting for the leases under the new rules.

The pandemic and financial crimes; another provider leaves; why CRM and accounting don’t mix; and other highlights from our favorite tax bloggers.

Despite enhancements already made to audit quality, the audit profession will never rest on its laurels.

The increased funding for the IRS as a way to boost tax revenue was dropped after it emerged that Democrats intend to include the measure in their bigger budget bill.

Auditors don’t put much emphasis on work-life balance, but the quality of their audits tends to suffer if that balance is absent, according to a recent study.

The Internal Revenue Service ended a strategy for examining high-income taxpayers in 2017 and switched to another strategy that brought in far less tax revenue in the next few years.

With two rounds of implementation behind us, it’s time to reflect on what we’ve learned so far from the required disclosures of critical audit matters.

The Malaysian government is seeking more than $5.6 billion from the auditors over their role in auditing the state investment fund.

Infrastructure fantasies; trouble with the U.S.-Malta Treaty; the future of contactless prep; and other highlights from our favorite tax bloggers.

Compliance audits, the new wrinkles of CTC, marijuana and more were key topics at a recent stakeholders meeting with the service.