Learn how proper coordination between the group auditor and component auditors enables compliance with the standards.
A taxpayer couldn’t prove his CPA had responded to an IRS letter assessing the 100% penalty for failure to pay payroll tax.
Some financial statement preparers have said the current effective date doesn’t give them time to gather the data they need.
The PCAOB will meet Tuesday to consider adopting a reorganization of its standards that is intended to make them easier to navigate.
The Securities and Exchange Commission adopted new rules, known as “Regulation A+,” that are intended to give smaller companies more access to capital.
As part of an effort to clarify guidance regarding uncertain tax positions for nonpublic entities, the AICPA deleted a nonauthoritative Technical Question and Answer (Q&A).
FASB is expected to release proposals designed to simplify the equity method of accounting and to simplify the accounting for measurement period adjustments in a business combination.
The AICPA sent a letter to the IRS on recommending ways to make it easier for surviving spouses to elect portability of the deceased spouse’s unused estate tax exemption.
Accounting and finance professionals said solving problems gives them the most career satisfaction, ahead of working with numbers, according to a new survey.
FASB and the IASB voted to propose the changes, which add to clarifications they agreed in February to propose.
Value-pricing advocate Ron Baker recommends that firms use price-led costing and nominate a value council to set prices.
The government issued final rules explaining the requirements that must be met before so-called wraparound health care benefits are permitted under the health care law.
Fifty-five percent of North American chief audit executives have been asked at least once to omit or modify an important audit finding, according to new research.
As businesses transform in response to market shifts, internal audit functions may need to provide more value-added services and proactive advice to management in the coming years.
The new rules aim to prevent PTIN holders who are under investigation from learning that they have been identified as suspects or are the subject of an investigation.
Small business leaders ranked accountants at the top of the list of the most important professionals who serve their businesses, a new survey shows.
The IRS issued final and temporary regulations that clarify and simplify rules regarding broker basis reporting issued in 2013.
Internal auditors are confident in their ability to identify emerging risks in a timely manner, but they may be facing a talent shortage, according to a new report.
The IRS announced that state ABLE programs that are established before the Service issues guidance under Sec. 529A will be deemed to comply with the rules when they are issued.
A long-haul truck driver who spent 358 days on the road during 2009 did not have a tax home that would permit him to deduct his travel expenses as unreimbursed business expenses.