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The IRS recently issued five new warning signs that a business has filed an incorrect claim for the pandemic-era employee retention credit (ERC).

The U.S. economy accelerated in the second quarter as consumers increased their spending, businesses invested more in equipment and stocked inventories, and inflation cooled.

A new survey from McKinsey finds that finance teams are still in the early phase of digital transformation.

The PCAOB has released a report on the impact of generative artificial intelligence (AI) on audits.

A proposed Accounting Standards Update from the FASB aims to clarify the rules of derivative accounting.

Almost 16,000 entities will spend over 8.7 million hours seeking access to beneficial ownership information (BOI) in the first year, FinCEN estimated in a new notice.

The results of an annual survey found that organizations have made minimal gains in risk oversight over the past five years despite an increasingly threatening risk landscape.

The IRS and Treasury have issued final regulations updating the required minimum distribution (RMD) rules.

The IRS recently said it is enhancing the identity authentication process for financial institutions to register under the Foreign Account Tax Compliance Act (FATCA).

The AICPA recently submitted comments to the IRS and Treasury on proposed regulations regarding reporting transactions with foreign trusts.