Tax professionals are rapidly integrating the benefits of generative artificial intelligence (AI) into their workflow, but a recent Tax Court case, Clinco, T.C. Memo. 2026-16, shows how quickly things ...

The agenda features projects on negative assurance related to comfort letter engagements, auditor independence, fraud, noncompliance with laws and regulations, and going concern. Also, the SEC is ...

A first-of-its-kind GAO analysis estimates annual federal tax fraud losses at $116 billion to $304 billion. The report said that the IRS needs a coordinated antifraud strategy. The IRS partially ...

Treasury and the IRS proposed regulations for the education freedom tax credit, a new federal credit under Sec. 25F for ...

The Senate unanimously approved the Taxpayer Assistance and Service Act, a bipartisan package of 65 tax administration ...

Drawing from lessons learned in a real-life dissolution, a former CFO shares what CPAs need to know about applying FASB ASC ...

Participants in the Council on AI Risk in Tax, led by the AICPA and former IRS commissioner Danny Werfel, include leaders ...

Treasury and the IRS issued temporary regulations (T.D. 10056) and proposed regulations (CC-00226466-26) Tuesday to automatically enroll eligible children in Trump accounts after developing a ...

Finance departments and firms can use an accountant-developed self-evaluation tool to identify gaps and strengthen ...

Going concern assessments are drawing renewed attention. AICPA standard setters help refresh what you know about this ...