The IRS announced that it will open a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the employee retention credit. The deadline is Nov. 22.

Credit losses, debt modifications, retainage and overbillings presentation, and leases are the main items on the PCC agenda.

The proposed Accounting Standards Update is intended to clarify guidance on hedge accounting and address incremental hedge accounting issues arising from the global reference rate reform initiative.

The Core sections of the newly designed CPA Exam were graded quarterly during the testing model’s first year, but 16 grading periods are scheduled for next year.

The special per diem rates that a taxpayer uses in travel and business expenses will be higher starting Oct. 1, as provided by the IRS.

By understanding psychological influences on decision-making, CPA financial planners can work with clients more effectively and improve how they operate their practice.

Research finds a significant increase in the percentage of companies leaning into finance AI, even as many struggle to develop sufficient talent to oversee execution.

The IRS finalized regulations (T.D. 9991) on the statutory requirement that the basis of property acquired from a decedent be consistent with the basis reported on the estate tax return. Generally, ...

An AICPA committee approved a proposed revision to Statement on Standards for Accounting and Review Services (SSARS) No. 21 addressing the applicability of the standard when preparing financial ...