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The AICPA has asked the IRS and Treasury to allow an exception to its “all or nothing” approach to dual consolidated losses so that companies aren’t unnecessarily penalized.

After a post-implementation review of its 2016 leasing standard, the FASB revealed that the implementation costs were significantly higher than anticipated.

The IRS recently said it will provide penalty relief to about 1 million taxpayers automatically starting next year.

The WICPA and many other state CPA societies are joining the AICPA in urging the U.S. Department of Education to recognize accounting programs as professional degree programs.

Nearly all (97%) of finance leaders in a recent survey said they are willing to pay more to partner with audit firms that leverage advanced technologies.

The FASB recently added a project to its technical agenda focused on the accounting for cryptocurrency asset transfers.

In a letter to IRS officials, the AICPA warned that the proposed merger of two different offices would confuse taxpayers.

Interest rates for tax underpayments and overpayments will stay the same for the first calendar quarter of 2026.

A new research report found that 83% of audit leaders say their firms’ vision for artificial intelligence potential doesn’t consistently translate into practice.

The IRS recently announced that the amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025.