General Electric shares plunged after a prominent whistle-blower working with a short-seller accused the company of masking financial problems.

The leaders of the Senate Finance Committee issued three summary reports from their internal task forces examining what to do about the perennial problem of temporary tax breaks that need to be extended every few years.

Auditing firms that tend to find material weaknesses in companies’ internal controls are seen as less attractive in the audit market, according to a new study.

Both public and private companies are underestimating the challenges of transitioning to the new lease accounting standard, according to a new survey.

The Trump administration’s tax cuts have had little direct impact on business investment decisions, according to an analysis by the International Monetary Fund.

Accountants may see some of their business clients getting caught up this summer in IRS activities to enforce the Affordable Care Act.

French lessons; our tax system, by the numbers; return of the 1099-NEC; and other highlights from our favorite tax bloggers.

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16.

There are some powerful ways to help your clients defer gains and help communities.

Private companies, nonprofits and some smaller public companies will get some extra time to get ready for major accounting standards, under a recent proposal.

Taxpayers can make a late election, or revoke an earlier election, for the tax break for property they have acquired for a business.

Companies have potent tools to quickly improve their financial reporting and make it both faster and more accurate.

The proposed update aims to improve the guidance for both convertible instruments and the derivatives scope exception for contracts in a company’s own equity.

The Financial Accounting Standards Board is aiming to clarify the interaction between two of its earlier standards.

Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans.

The American Institute of CPAs sent a set of recommendations to the Internal Revenue Service on the application of excise taxes to donor-advised funds.

When it comes to corporate transparency, the United States is at a crossroads.

The U.K. retailer reported a surprise tax bill of almost $750 million, the departure of its financial chief and deepening woes at department-store chain House of Fraser.

The proposal positions the Democratic presidential candidate between rivals Bernie Sanders and Joe Biden on a contentious issue.

At the top of the list is one particularly vexing provision: the section 199A qualified business income deduction.