The IRS is providing relief from penalties imposed solely for failure to furnish Part IV of Form 8308 for partnerships by Jan. 31, 2025, if a partnership meets certain requirements.

More than 3 in 5 business executives surveyed by the AICPA are at least contemplating the use of generative AI, signaling ...

The Financial Crimes Enforcement Network said in an alert, however, that reporting companies do not have to file beneficial ownership information reports while a preliminary injunction is in effect.

The board, facing an uncertain future following the presidential election, plans to prioritize inspections in the financial, real estate, and information technology sectors in 2025.

While the new QM standards will not change the peer review process itself, they will affect the questions and inquiries firms receive from reviewers and on management responsibilities, said Jim ...

AICPA publication offers best practices for professionals working in accordance with a set of FASB standards related to accounting and valuations in mergers and acquisitions.

Firms with A&A practices should be aware that the new quality management standards include changes to engagement quality reviews.

Firms in CPA.com’s CAS Benchmark Survey report a significant increase in median revenue and project an increase of nearly 100% over the next three years.

CPA leaders in business and industry are notably optimistic about the U.S. economy in 2025, a new survey shows. Two-thirds of executives expressed optimism about the domestic economy, a dramatic rise ...