The stay of the nationwide injunction means that the government can enforce the beneficial ownership information reporting requirements, but it’s not clear what happens next.

The "targeted improvements" to the FASB Accounting Standards Codification are a part of an evergreen project focused on making incremental changes to GAAP. Public comments on the ASU, published ...

The AICPA’s vice president–Tax Policy & Advocacy said President Donald Trump’s executive order to freeze hiring at the IRS should not affect seasonal employees, who likely are already hired and ...

The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.

Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right ...

The SEC’s Office of the Chief Accountant is accepting applications for Professional Accounting Fellow positions that will begin in the summer of 2025.

The IRS issued final regulations (T.D. 10030) on Tuesday that address resolution of federal tax controversies by the Independent Office of Appeals. The regulations include 24 exceptions to ...

The January webcast also included a deep dive into step 3 of the five-step revenue recognition process outlined in FASB ASC 606.