Mark Friedlich

The IRS threw a late curveball at tax professionals scrambling to meet the April 15 deadline, and for partnerships and corporations in general.

Friction simmers within the audit industry following the Public Company Accounting Oversight Board's controversial June 2023 proposal to revise its standard on noncompliance with laws and regulations.

This new standard changes the game for auditors to make risk assessments even more effective.

An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power."

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

Beginning Jan. 1, 2024, tens of millions of small businesses must file beneficial ownership information reports.

The service is sending 20,000 disallowance letters, with more action and a voluntary disclosure program coming.

The CTA and beneficial information reporting may be a game-changer for accounting firms. Here's what you need to know.

Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.