The European Union proposed new rules to combat tax fraud and evasion in the crypto sector by requiring all digital asset service providers to report transactions involving customers residing in the bloc.

Padgett Business Service's Roger Harris is asking Congress to hold off, and consider raising the payment threshold.

The average number of critical audit matters per audit report has declined over time, while the proportion of audit reports that communicate only a single CAM has increased.

If money makes the world go round, the accountant is the axis, and managerial accounting is the gravity.

The service is reacting to recent court decisions challenging its ability to classify the investments as abusive schemes.

The Internal Revenue Service and the Treasury issued a notice on labor requirements for enhanced tax benefits under the Inflation Reduction Act.

The Institute of Internal Auditors sent a letter to lawmakers urging them to set new requirements for crypto exchanges in the U.S.

The federal government's child tax credit just had its 25th anniversary, but not everyone is celebrating.

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?"

The board issued an ASU to improve accounting guidance for arrangements between entities under common control.

The Sixth Circuit prohibited the Treasury from enforcing the tax mandate against Tennessee, though it also held that Kentucky lacked standing in its challenge.

The Government Accountability Office wants the agency to use the extra $80 billion it's getting from Congress to improve compliance.

The Internal Revenue Service issued its annual notice on the amendments needed for retirement plans for employees of schools, tax-exempt organizations and ministers.

The new rule has a profound impact on advisor use of testimonials, performance advertising, and compensation for referrals.

The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework on recognition and derecognition of items in financial statements.

A provision imposing a 1% excise tax on corporate stock buybacks in this year's Inflation Reduction Act is likely to have an impact on the use of special purpose acquisition companies.

When it comes to tax legislation, expect 'small ball' in an era of divided government.

Republicans — who are expected to control the House as of January — want tax breaks for private equity, manufacturers and businesses. For their part, Democrats want to expand the child tax credit.

Finance executives from some of the largest U.S. corporations shared their insights on how to operationalize key management concepts.

In this edition of the Frontier, K2's Brian Tankersley warns that a Silicon Valley-style data sharing model may come to accounting.