Featured Accounting News

PCAOB recently finalized amendments to QC 1000, setting the stage for the board that oversees audits of public companies to consider a quality control-focused approach to future inspections.

GASB is seeking comment on a discussion memorandum that explores the design of the GASB-GAAP Taxonomy, one pathway to digitalization of governments’ financial statements.

Data privacy and security remain the leading priority for finance leaders for the third consecutive year, scoring 7.6 out of 10 in a recent survey of 902 finance professionals.

The AICPA is seeking clarification from the IRS on guidelines suggesting that tax practitioners should pass AI-related cost savings on to clients.

A recent survey found that the average age of the 72 CFO hires made halfway through 2026 was 48.2 years old, down from an average of 51.9 years for 2025 hires.

FASB recently proposed a new ASU containing technical corrections and clarifications intended to improve GAAP.

The percentage of executives optimistic about the U.S. economy over the next 12 months rose from 32% to 36% in the third quarter, according to a recent economic survey.

In a recent tax software survey, 1,808 AICPA members gave their opinions on how well their software performed.

The Treasury Inspector General for Tax Administration is among several federal agencies partnering with the Department of Justice on the launch of the National Fraud Detection Center.

The IRS is reminding information return filers who currently use the FIRE system to prepare now for the system’s retirement and transition to the IRIS before the 2027 filing season.

In a recent survey, 56% of gig workers said their job accounts for most of their household income, and many see it as a path to starting their own business.

In a letter to the IRS, the AICPA said its members reported that name and address changes can take six to eight weeks or longer to process, despite often being routine requests.

The AICPA has added new chapters to its digital assets practice aid focused on guidance for stablecoin issuers, auditing mining revenue and updates on auditing standards.

The IRS recently announced a digitally authenticated Tax Compliance Report available through its Individual Online Account.

The AICPA Auditing Standards Board has approved a new standard that enhances and clarifies auditor responsibilities for identifying fraud or suspected fraud in a financial statement audit.

The AICPA is supporting federal disaster relief legislation that awaits the president’s signature after Senate approval and urging Congress to provide permanent relief for victims.

The IRS recently proposed regulations that would limit Trump account investments to low-fee stock index funds and ETFs during the growth period.

The IRS recently updated its FAQs on the Section 163(j) business interest expense deduction limit to reflect changes and clarifications under the One Big Beautiful Bill Act.

PCAOB recently shared a new staff resource for auditors that provides a Q&A for implementing the audit regulator’s new quality control standard.

A recent AICPA survey found that pet owners often budget for their animals, prioritize pet spending and include pets in their estate planning.