Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.”

The change would make it easier for private companies and nonprofit organizations to evaluate a goodwill triggering event.

Lawmakers are seeking to address some of the PPP’s more obvious failings in the latest coronavirus bill.

The SEC Reporting Taxonomy and GAAP taxonomy still need to be approved by the SEC.

Fewer DIY taxpayers, an overwhelmed IRS and other likely features of the upcoming filing season.

The Securities and Exchange Commission rewarded the whistleblower who exposed potential securities law violations in connection with their audit-related responsibilities.

FASB has a project to review goodwill accounting — again. Here's an idea it might want to consider.

For ESG issues, human capital and a host of other areas, traditional accounting rules aren’t a good fit.

The Global Reporting Initiative is responding to a proposal from the IFRS Foundation to oversee sustainability standards alongside international accounting standards.

The International Accounting Standards Board is looking into the standards for consolidated financial statements, or group accounting.

The commission says the company financial disclosures were misleading.

The first round of the Paycheck Protection Program brought booming business to firms. Accountants should be prepared for more of the same in 2021.

Wolters Kluwer’s Mark Luscombe rounds up a host of items practitioners may want to address soon.

The Andersen alum served as standard-setter in the midst of the dot-com crash.

The restaurant chain failed to adequately disclose the financial impact of the pandemic.

The former Maryland senator radically reshaped the world of auditing with the Sarbanes-Oxley Act of 2002.

The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.

New York, New Jersey, Connecticut and Maryland faced skeptical questioning from a panel of federal judges considering whether to revive a lawsuit that challenges a U.S. cap on individual deductions for state and local taxes.

An income statement summarizes revenues and expenses and then reports profits. Isn’t that just like the Christmas letter that summarized all the year’s activities?

The legislation is in reaction to U.S. regulators being unable to review the companies' financial audits.