The IRS announced that the electronic filing personal identification number (e-file PIN) tool is “no longer available” after it detected additional attacks on the system.
FASB would amend consolidation guidance under a proposal issued with the intent of providing more useful information to users of financial statements.
The IRS brings back the Get Transcript Online service, but the agency faces criticism for its handling of the aftermath of the event that led to the shutdown of the service.
CFOs feel barraged by new compliance mandates, and they don’t expect complexity associated with such regulation to subside any time soon.
Professionals at Armanino LLP and Crowe Horwath LLP have reacted enthusiastically to their firms’ recent implementation of casual dress codes for the office.
Members of the AICPA and The Chartered Institute of Management Accountants voted in separate ballot measures to approve a proposal to create a new international accounting association that will integrate operations and represent the entire accounting profession, while preserving the membership bodies of both organizations.
A new law allows taxpayers to exclude from income money they receive to compensate them for being wrongfully incarcerated and to claim refunds for earlier tax years if they included such damages in income.
Credit losses on loans and other financial instruments will be required to be reported in a more timely fashion under a standard the Financial Accounting Standards Board issued.
The proposal would update the definition of ERM and emphasize the link between risk and value.
The SEC issued an order that will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL.
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Holders of qualified foreign accounting designations would have an easier path to licensure as U.S. CPAs under changes proposed to the Uniform Accountancy Act.
The TIGTA criticized the IRS’s failure to identify and assist all taxpayers whose tax return and other data may have been accessed by cybercriminals in last year’s Get Transcript breach.
Announcing increased security and authentication procedures, the IRS said that it had re-instated its Get Transcript Online service, which had been breached by cybercriminals last year.
The IRS issued regulations restricting the ability of C corporations to use this method.
FASB wants to clarify the scope of its nonfinancial asset derecognition guidance and address accounting for partial sales of nonfinancial assets.
Companies are encountering challenges with new lease accounting standards in a process few expect to be easy, according to a recent Deloitte survey.
The Federal Accounting Standards Advisory Board proposed a standard with the intention of providing the public more information about the U.S. government’s tax expenditures.
The new revenue recognition standard is causing companies to review compensation arrangements and bonus structures that are based on revenue metrics, said Deloitte & Touche LLP’s Eric Knachel, CPA.
Finance executives in business and industry reversed several trends in a quarterly AICPA survey, showing a more positive outlook.