Featured Accounting News

For the 2026 fiscal year, a TIGTA report found that 86% of sampled information systems had critical vulnerabilities that were not fixed within the IRS’s required 30-day time frame.

Companies are facing a widening gap between increasingly complex risks and their ability to manage them effectively, according to AICPA’s latest State of Risk Oversight report.

The IRS’s CP53E notices created confusion among taxpayers as the agency pushed them toward electronic refunds and away from paper ones under an executive order, a new report found.

A U.S. Tax Court decision issued earlier this summer underscores the importance of maintaining thorough records and keeping business and personal finances separate.

In its opening brief in a case that could affect millions of taxpayers in potential refund claims, the federal government argued that a lower court misread a COVID-era tax relief law.

The IRS has issued guidance extending tax relief to farmers and ranchers in 49 states — including Wisconsin — who sold or exchanged livestock because of drought conditions.

A recent TIGTA report found that nearly 39,000 high-priority non-filer cases — worth about $15.7 billion in potential tax assessments — were delayed because of resource concerns.

An annual Projected U.S. Tax Rates Report indicated a 3.2% increase in inflation from 2026, compared to the 2.7% increase from 2025.

An ASU issued by FASB aims to improve how investment companies measure the fair value of an equity security that is subject to a contractual sale restriction.

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.