The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.

KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network's Global Tax Group.

A group of bipartisan bills moved through the House this week that would make changes in IRS administration, customer service, taxpayer privacy, tax return processing, as well as disaster relief and tax breaks.

Indexing capital gains to inflation would allow taxpayers to adjust the value of an asset to account for rising prices across the economy.