The IRS Office of Chief Counsel advised in a Chief Counsel Advice memorandum (CCA) that generally, for tax years 2018 through 2025, only transactions entered into for profit qualify as deductible ...

Firms that perform audits, reviews, or compilations have a little more than four months to implement the new risk-based quality management (QM) standards. The task may feel daunting, but Joe Lynch, ...

Once upon a time, in the early 2000s, cyberattacks were like ghost stories for the corporate world. They were chilling to hear about but easy to dismiss. That won’t happen to us. It’s overblown. There ...

The board’s review of 2025 public company audit inspections revealed a significant decrease from 2024 in instances where an audit firm failed to obtain sufficient appropriate evidence to support its ...

The board’s review of 2025 public company audit inspections revealed a significant decrease from 2024 in instances where an audit firm failed to obtain sufficient appropriate evidence to support its ...

A CPA who recently solved a 40-year-old math problem using AI believes that the “gold rush” to solve similar problems is ...

Proposed regulations governing employer contributions to Trump accounts are “administratively burdensome” and make a 2026 rollout potentially difficult, the AICPA said. A letter to the IRS and ...

The IRS and Treasury proposed regulations implementing Sec. 36B premium tax credit changes enacted in H.R. 1, including new ...

The AICPA awarded its highest honors to a pioneering former chair and to a former head of the U.S. Government Accountability Office (GAO). Kimberly Ellison-Taylor, CPA/CITP, CGMA, was awarded the Gold ...

The AICPA and the Artificial Intelligence Underwriting Company (AIUC) have teamed up to develop an assurance certification that provides the first comprehensive, independent review of business risk ...

A new practice aid covers the impact of organizations’ use of artificial intelligence in financial reporting and the impact ...