A new final accounting standards update from FASB aims to improve public companies' disclosures about their reportable segments and expenses.

Among other things, they may unintentionally snare mutual funds, an expert testifies.

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

The regulations address new subsections of the law from the SECURE 2.0 Act.

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

Companies are finding it difficult to hire enough qualified people in the relatively new field of sustainability reporting.

Planners and their clients can use the annual cost-of-living adjustments as a helpful reminder to consider tweaks to retirement savings and strategies, experts said.

Accounting technology leaders generally approve of Biden's executive order on artificial intelligence, provided the government can actually implement it.

Proposed regulations from the IRS are generally effective beginning in 2024.

Her answers, and the documents displayed to her on the stand, show she was deeply aware of the importance of his net worth in securing the best terms on loans.

Trump acknowledged he had a hand in preparing the financial statements that valued his properties.

He testified that financial documents sent to Deutsche Bank were "accurate," even though a judge has already determined they were fraudulent.

"I relied upon Mazars and our accounting team" for the preparation of a financial statement, Donald Trump Jr. told the judge. "That's why we have accountants."

A recent poll of finance leaders has found that the majority of organizations now use AI in at least some of their financial reporting process.

These audits are essential to ensure that integration processes are executed correctly, risks are identified and mitigated, and controls are in place to safeguard the organization's assets and financial reporting.

"The accountants worked on it," the eldest son of former president Donald Trump testified in a Manhattan courtroom. "That's what we paid them for."

Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.

Organizations are preparing themselves to comply with the SEC's climate-related disclosure rule, according to a new survey.

The legislation incentivizes consumers to buy energy-efficient electric appliances, clean vehicles, rooftop-solar and home energy storage systems.