An AICPA committee approved a proposed revision to Statement on Standards for Accounting and Review Services (SSARS) No. 21 addressing the applicability of the standard when preparing financial ...

Research finds a significant increase in the percentage of companies leaning into finance AI, even as many struggle to develop sufficient talent to oversee execution.

The IRS issued guidance for recipients of property from decedents on the basis-consistency requirement and for executors and others on basis-reporting requirements.

The AICPA and the National Association of State Boards of Accountancy (NASBA) are seeking input on a proposed competency-based experience model for CPA licensure. The CPA Competency-Based Experience ...

Leaders at private and newly public companies are optimistic about growth opportunities, although many view the pivotal role that artificial intelligence plays to be a double-edged sword.

Also, an update from the Auditing Standards Board chair, principal vs. agent analysis when recognizing revenue, and the new required income tax disclosures under FASB Accounting Standards Update No.

The first proposed regulations under Sec. 139E set out the requirements for excluding Indian tribal general welfare benefits from income.

The IRS on Thursday issued a notice requesting comments on saver's match contributions to be paid by Treasury under the SECURE 2.0 Act of 2022 (Division T of the Consolidated Appropriations Act, 2023, ...

The IRS on Thursday issued proposed regulations (REG-112129-23) addressing the application of the Sec. 55 corporate alternative minimum tax (AMT) as amended by the Inflation Reduction Act of 2022, P.L ...

The SEC approved a PCAOB standard that establishes a risk-based quality control system for public accounting firms. The PCAOB adopted QC 1000, A Firm's System of Quality Control, on May 13, pending ...