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In a letter addressed to Treasury and FinCEN, the AICPA and all other state CPA societies voiced serious concerns regarding the enforcement of the BOI reporting requirements.

The IRS recently informed tax professionals that they will need to call the Practitioner Priority Service (PPS) to request the deposit of transcripts into their Secure Object Repository (SOR).

According to the Center for Audit Quality, CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks.

Hiring by small businesses rose slightly in March, while hourly earnings growth continued a steady decline that began in mid-2022.

The Navigation Pane in Excel is a useful tool that provides a way to quickly navigate through specific sheets, cells, tables, charts or other objects within a workbook.

Over the last four years, the IRS has investigated 1,644 tax and money laundering cases related to COVID-19 fraud totaling $8.9 billion.

A recent Fed quarterly survey found that nearly four out of 10 CFOs are scaling back hiring while automating tasks with new software, equipment and other technology.

The IRS kicked off its annual “Dirty Dozen” list with a warning for taxpayers to be aware of evolving phishing and smishing scams designed to steal sensitive taxpayer information.

Artificial intelligence (AI) is posing increasing risks to financial firms, according to a report by the U.S. Treasury Department.

With interest rates taming and the economy doing well, pent-up acquisition demand will likely surge this year.