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Companies that formally track AI-related ROI and are assurance-ready report the greatest improvement, according to a recent KPMG survey.

Study panel aims to wrap work by late September.

The Board of Trustees of the Financial Accounting Foundation (FAF) announced today that it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council (FASAC) for an initial one-year term beginning January 1, 2027. The FASAC is the primary advisory body to the Financial Accounting Standards Board (FASB).

At an open meeting held today, the Public Company Accounting Oversight Board (PCAOB) issued a request for public comment(PDF) on draft goals and objectives for the PCAOB’s 2026-2030 strategic plan.

The Securities and Exchange Commission today proposed Regulation E-Delivery, a new rule that would expand the ability of issuers, broker-dealers, investment advisers, and others to use electronic delivery to satisfy information delivery requirements under the federal securities laws.

Citing the increase in the cost of fuel, the IRS has set a higher optional standard mileage rate used to calculate the deductible costs of operating an automobile for business for the remainder of 2026.

Beginning this month, new commercial solar facilities will be subject to a uniform tax of $10,000 per megawatt per year.

The AICPA Professional Ethics Executive Committee (PEEC) approved revisions to the “Tax Services” interpretation (ET sec. 1.295.160) of the AICPA Code of Professional Conduct, completing a multiyear project to strengthen and clarify independence requirements when members provide tax advisory and tax planning services to attest clients.

Artificial intelligence has made phishing, fraud and deepfakes cheaper, quicker and harder to spot. With more accountants using AI tools than ever before, firms must look past the hype to tighten internal controls.

Hartford officials are seeking to delay the city’s next property revaluation by one year, in a move Mayor Arunan Arulampalam has said would help protect homeowners from a larger share of the tax burden as residential property values rise while commercial office values continue to decline.

The Show Me State joins over 40 others establishing a route to becoming a certified public accountant that doesn’t require 150 college credit hours.

New rules will require finance leaders at larger colleges that offer further education programs to hold a professional accountancy qualification.

Learn how to help clients unmask fraudsters who try to take advantage of the havoc that natural disasters wreak.

U.S. Senator Richard Blumenthal said he was “shocked and deeply saddened” by the death if U.S. Sen. Lindsey Graham, who died suddenly over the weekend at age 71.

What is believed to be the country’s first statewide citizens assembly got underway Saturday as more than 100 randomly selected state residents gathered in New Haven to learn about the state’s property tax system. Participants in the Connecticut Citizens Assembly on Property Taxes will attend 12 daylong sessions this summer and will be tasked with proposing changes to the system.

The IRS issued final regulations (T.D. 10051) Wednesday designating certain arrangements purporting to be charitable remainder annuity trusts (CRATs) as listed transactions, requiring disclosure by material advisers and certain participants in the transactions.

In a recent survey of CFOs and other top finance leaders, 38% of respondents say they plan to increase hiring this year, while just 4% plan to decrease it.

The Internal Revenue Service and Security Summit partners today launched the summer “Protect Your Clients; Protect Yourself” campaign, a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats.

The Internal Revenue Service today announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.

On March 19, the U.S. Treasury released the Financial Report of the United States Government for Fiscal Year 2025. For CPAs, the document should feel familiar: audited, accrual-based financial statements accompanied by MD&A, notes, required supplementary information, and an independent auditor’s report. Yet despite its scope and significance, the report remains largely unknown and absent from professional discourse, financial analysis, and policy makers’ conversations.