Technology

Internal audit practitioners are facing new demands for improving cybersecurity and communicating the risks of cyberattacks to their organizations, according to a new report.

The Senate has included a permanent ban on taxes for Internet service within a larger trade enforcement bill that was passed Thursday.

The Internal Revenue Service said Tuesday evening that it recently identified and halted an automated attack upon its Electronic Filing PIN application on IRS.gov.

The Internal Revenue Service still hasn’t said what caused some of its systems to shut down last Wednesday, but the agency’s processing functions—including e-filing—were restored by last Thursday evening.

Tax pros and their clients are putting themselves at risk, because e-mail is not secure.

The Internal Revenue Service’s new security measures this tax season to counter identity theft and tax fraud appear to be having little impact so far on criminals, according to a security expert who monitors the online chat rooms where fraudsters swap taxpayers’ sensitive personal and financial information.

The Internal Revenue Service said Wednesday evening its tax-processing systems have suffered a hardware failure and that tax processing could be affected into Thursday.

Taxpayers are increasingly aware of identity theft-related tax fraud this year and are concerned about becoming victims, according to a new survey.

The American Institute of CPAs is encouraging firms to modernize the way they conduct audits by using data analytics technology and working to improve the way employee benefit plan audits are conducted in response to a critical Labor Department report.

American Institute of CPAs president and CEO Barry Melancon said the AICPA is pushing the Internal Revenue Service to improve its services for both taxpayers and CPAs while preparing to become a more international organization.