Audit

Typically, taxpayers contract this affliction after the agency's examiners have packed up their belongings and left the building.

The high court, in a 7 to 2 decision, ruled in favor of a business owner who didn't file taxes and destroyed some of his banking records, finding the omnibus obstruction clause in the Tax Code was overly broad.

The Supreme Court declined to hear a case involving a Colorado cannabis business that refused to cooperate with an Internal Revenue Service audit and turn over business records.

Institute of Internal Auditors president and CEO Richard Chambers talks about how audit executives need to be more agile and overcome complacency at their organizations by using technology such as data analytics and artificial intelligence.

The Center for Audit Quailty has released a new publication offering considerations for audit committee members to help with oversight of non-GAAP measures.

The American Institute of CPAs’ Auditing Standards Board has issued an auditing interpretation to help accountants comply with standards from both the AICPA and the Public Company Accounting Oversight Board.

The Institute of Internal Auditors and Grant Thornton have published a new book on using data analytics within the internal audit function.

Recent changes to international standards for audit reports have improved the quality of information that’s available to investors, and had a positive impact on wider elements of financial reporting, including governance and corporate reporting, according to a new report from the Association of Chartered Certified Accountants.

Audits aren’t the only ways the service can put them on the spot, the tax prep chain warns.

Foreign affiliates of KPMG, Deloitte & Touche and BDO have agreed to settle charges with the Securities and Exchange Commission for getting involved in audit work that circumvented the Public Company Accounting Oversight Board’s full oversight.