Companies that shop around among auditing firms for clean opinions on their financial statements can compromise the objectivity of outside auditors, according to new research.

The American Institute of CPAs’ Auditing Standards Board has posted a group of standards for audit reports and auditing financial statements.

And while they’re paying less, they’re reserving judgement on the final impact of the act.

The senator said she’d seek to repeal all of the tax overhaul, including its breaks for wealthy earners, corporations and the middle class.

New York and New Jersey have sued to find out why President Donald Trump’s administration scrapped an Internal Revenue Service rule requiring some tax-exempt organizations to disclose their donors.

The Securities and Exchange Commission has voted to propose a set of amendments to its rules governing the kind of information provided to investors.

A bipartisan group of lawmakers has introduced legislation to offer tax relief to children who have lost a parent serving in the military after recent reports that “Gold Star” families are facing unexpectedly heavy tax bills because of the implications of a provision in the Tax Cuts and Jobs Act.

The Governmental Accounting Standards Board has released guidance in the form of questions and answers to help state and local governments apply its standards.

Three bills that would make major change have already emerged from the Ways & Means Committee.

Congressional hearings show how political priorities color views of tax reform.

The report discusses some of the main developments this past season that are likely to affect taxpayers for the rest of the year.

A Florida accountant lost his battle to prove his yacht charter business was operated for profit.

Accounting has evolved and if you are not keeping up with the latest advances, chances are your clients won’t be satisfied or they may drop you entirely.

This provision of the TJCA gives ordinary workers better access to an executive perk.

One of China’s largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling.

The Council of Institutional Investors is asking the Securities and Exchange Commission to require companies to explain any non-GAAP metrics used to set executive compensation within their proxy statements.

President Donald Trump said that New Yorkers could have thwarted a provision in his tax law that limits state and local tax deductions, one of the most controversial changes in the 2017 overhaul that contributed to Republican losses in the 2018 midterms.

In the first tax season under the Tax Cuts and Jobs Act, the average size of tax refunds was down 2 percent.

The latest effort to overhaul the post-financial crisis rule would replace the proposed "accounting prong" for determining which kinds of trades are prohibited.

The proposed regulations could unlock greater development in low-income communities and give investors a chance to reap tremendous profits.