Featured Accounting News

In response to stakeholder comments, the Federal Accounting Standards Advisory Board (FASAB) issued a technical release to assist reporting entities in implementing a standard related to disclosure of public-private partnerships.

New guidance from the IRS explains how employers can claim the expanded credit for paid family and medical leave beginning in 2026 using a premium-based method.

Global business travel spending is forecast to reach a record $1.71 trillion USD in 2026, with the number of business trips worldwide expected to surpass 1.84 billion, according to a new report.

The IRS recently said fraudsters are mailing letters that direct digital asset holders to a bogus “Digital Asset Compliance Portal” that mimics IRS.gov to collect personal information.

LinkedIn, the popular social media platform, unveiled a “seems like AI slop” button so users can report posts that appear to be low-quality posts written by artificial intelligence.

The Wisconsin Department of Revenue's July 2026 tax bulletin outlines new income and franchise tax updates, including the state’s Internal Revenue Code conformity for 2026.

The Financial Crimes Enforcement Network director said it will soon finalize an interim rule restricting beneficial ownership information reporting requirements to foreign companies.

Accounting firm mergers and acquisitions broke records in 2025, with transaction volume rising 26% year-over-year and continuing to climb in 2026, according to a recent report.

The share of respondents actively using artificial intelligence in cybersecurity strategy rose sharply in a global survey, but governance is not maturing at the same pace as deployment.

As students across the nation head back to school, the IRS Criminal Investigation’s Atlanta Field Office is urging families to stay alert to seasonal fraud schemes.

An estimated 15 million U.S. adults, or 6% of the population, were victims of financial scams in 2025, with total losses reaching approximately $68 billion, according to a new study.

PCAOB recently released its 2026-2030 strategic plan and is accepting feedback through Friday, Sept. 4.

A recent survey found that 92% of CFOs and top finance executives feel pressure to show that investment in artificial intelligence yields a decent return.

An SEC proposal would make paperless distribution of investor material the default method of delivery.

PEEC finalized revisions to the AICPA’s independence guidance for tax services, maintaining a principles-based framework for evaluating independence threats when providing tax advisory and planning services to attest clients.

A newly published AICPA standards update will affect how CPAs obtain audit evidence through external confirmation procedures.

Citing rising gas costs, the IRS has set a higher optional standard mileage rate used to calculate the deductible costs of operating an automobile for business for the remainder of 2026.

The IRS has announced tax relief for individuals and businesses in Wisconsin affected by severe storms, tornadoes and flooding that began on April 13, 2026.

AI adoption among U.S. small businesses has risen to 66%, up from 55% a year ago, even as 70% of owners admit to needing more training to use the technology effectively.

The IRS has issued final regulations that designate certain arrangements purporting to be charitable remainder annuity trusts (CRATs) as listed transactions.