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Fraud will likely increase in cryptocurrency markets, the SEC warned following an intensified crackdown against swindling in decentralized finance platforms.

The IRS erroneously destroyed about 30 million unprocessed information returns due to outdated technology, the agency explained on May 12.

The AICPA Auditing Standards Board recently approved new quality management standards to improve a firm’s risk assessment and audit quality.

A new FBI report finds that 241,206 domestic and international email fraud incidents occurred between June 2016 and December 2021, for an exposed loss of more than $43 billion.

The Wisconsin Department of Revenue (DOR) recently updated its publications for field audits and sampling.

FASAB is seeking input on proposed amendments intended to clarify the application of lessee and lessor discounting requirements.

The IRS is once again urging tax professionals to set up an ID.me account as soon as possible, preferably before June 15.

Gov. Evers announced on May 10 an additional investment of $25 million into Main Street Bounceback grants to help small businesses move into storefront locations.

Companies that received financial assistance during the pandemic can refer to certain FASB standards related to accounting for employee retention credits (ERCs).

The WICPA announced its 2022 Excellence Awards recipients during the annual WICPA Member Recognition & Annual Business Meeting on May 5.