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Facebook Inc. officials failed to show up after getting seven summonses from the Internal Revenue Service demanding internal corporate records on one of its offshore tax strategies, according to an IRS court filing.

The new lease accounting standard will have an impact beyond the usual suspects of airlines and retailers, with even cloud computing providers taking a hit, thanks to their leases of computer servers.

Mentoring young staff should be a crucial part of the recruiting and retention tool kit of more accounting firms

The AICPA merger ballot outcome: Everybody loses

With the unauthorized publication of the “Panama Papers,” many clients and even some professionals question why companies with no active trade or business even exist.

Innovation means the future for auditing is about more than just the numbers.

The National Society of Accountants (NSA) announced on Monday that 32 students have earned scholarships via the Society's Scholarship Foundation for 2016, totaling $35,300 overall. Since the Foundation's inception in 1969, over $1 million in scholarships have been awarded to undergrad and graduate students pursuing an accounting career.

The Financial Accounting Standards Board has proposed a new accounting standards update that would require public and private companies to change the way they report income taxes on their financial statements.

Brian Croteau, deputy chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, plans to step down.

Morgan Stanley added Dennis M. Nally, a four-decade veteran of PricewaterhouseCoopers, to its board after long-serving director Laura D. Tyson stepped down in May.