The National Association of Tax Professionals is asking Senate Finance Committee leaders to prod their colleagues to take up the wide-ranging legislation.

Earnings before interest, taxes, depreciation and amortization has long been considered a fairly fuzzy number, especially when it comes to riskier borrowers.

The agency is also proposing to overhaul the proxy solicitation process by eliminating the so-called glossy report.

Members of the hard-right Freedom Caucus threatened to tank the House agenda but let up after they said leaders promised them a gas tax suspension vote.

The House Ways and Means Committee held a markup session to consider the Digital Asset Tax Certainty Act, EFIN Verification Act and FULL HOUSE Act.

For many firms managing leases in the U.K. and Ireland, FRS 102 has long been a stable part of the reporting landscape, but that's changing with Section 20.

The Institute of Internal Auditors wants the SEC to reject a proposal to give newly listed companies up to five years to establish an internal audit function.

The Governmental Accounting Standards Board released a discussion memorandum on the design of the GASB-GAAP Taxonomy and digitization of government financial statements.

The update changes how investment companies such as mutual funds can measure the fair value of an equity security subject to a contractual sale restriction.

Most Internal Revenue Service employees avoided directly contacting taxpayers who were represented by tax professionals, but there were some misunderstandings.

A reporting systems with more options may lead to the market becoming less standardized.

The Treasury Department and the IRS issued proposed regulations threatening to end the tax-exempt status of schools that offer programs to help minority groups.

The Financial Accounting Standards Board posted a proposed accounting standards update with targeted improvements to the Accounting Standards Codification.

The deferral clock runs from the date the gain occurred. Clients sitting on capital gains from this year's liquidity events need a plan this quarter.

Guggenheim Partners is working with regulators as they probe a business accounting issue at an investment subsidiary, according to the chief investment officer.

Rapid turnover among accounting employees could be a sign of future financial reporting problems, according to a new study.

Under the proposed regulations, funds can only be invested in eligible investments beginning when the account is established until the beneficiary turns 17.

Proposed regulations would prohibit undocumented immigrants from receiving much of the money from refundable tax credits such as the EITC, CTC and AOTC.

The International Financial Reporting Standards Foundation plans initiatives to strengthen the accounting and sustainability reporting standards boards they oversee.

The team of attorneys and accountants' job is spotting when financial reporting crosses from aggressive into misleading.