Millennial investors have more faith than members of other generations in US and overseas markets, US public companies, and audited financial information, a new survey shows.
Developing a transparent anti-fraud culture and conducting periodic risk assessments are important steps for organizations in deterring fraud.
FASB issued a proposal that would change accounting rules for insurance companies that issue long-duration contracts such as life insurance, disability income, long-term care, and annuities.
The IRS removed a prohibition on making a qualified terminable interest property (QTIP) election when the election would have been null and void because the estate had a zero estate tax liability.
A proposal issued by the FASAB would require federal lessees to recognize a lease liability and a leased asset at the beginning of a lease, unless it is an intragovernmental lease or a short-term lease.
The IRS issued its annual updates of per-diem rates for use in substantiating certain business expenses taxpayers incur when traveling away from home on or after Oct. 1.
A GASB proposal would provide guidance addressing a multitude of issues that have arisen in state and local government financial reporting.
Under legislation enacted last year, the IRS is required to use private debt collection agencies to collect outstanding inactive tax liabilities.
The IRS announced that beginning in late October all e-services users will be subject to a strengthened identity protection process, which, for existing users, requires re-registering.
New Statement on Standards for Accounting and Review Services No. 22 clarifies the standard on compilations of pro forma financial information.
The FASB issued a proposal that would shorten the amortization period for callable debt securities purchased at a premium.
The IRS issued an alert to taxpayers not to respond to the latest tax fraud scheme, an emailed CP2000 notice claiming to be related to an Affordable Care Act tax underpayment.
Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about the news with this short quiz.
FASB’s efforts to clarify its new revenue recognition standard continued when the board proposed technical corrections and changes to the standard.
Two proposals issued Monday would create guidance for management in designing and describing its cybersecurity risk management program.
The IRS issued guidance prohibiting corporations from taking foreign tax credits for taxes without repatriating the earnings to the United States.
The IRS issued new rules giving retirement plan participants greater flexibility in choosing how to receive their pension benefits.
FASB issued proposed hedge accounting rules that are designed to enable a faithful representation of how an organization manages risk.
The economic outlook continued to rise for the second consecutive quarter, according to an AICPA survey, and employers said they are ready to hire.
U.S. finance executives are generally unfazed by the potential outcome of the presidential election.