The Latest

The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates.

The best and most differentiated firms prioritize leveraging technology to increase their clients' efficiency.

Hanno Berger was convicted in a tax scandal that robbed billions of euros from government coffers and ensnared some of Wall Street's biggest banks.

In a dramatic reversal, just weeks before the 92-year-old was due to stand trial, Bernie Ecclestone agreed to a £652 million tax settlement.

The Council of Economic Advisers said a reduction in revenues from capital gains taxes has played a notable role in the widening deficit.

"These findings are damning," Jon Holt, CEO of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad."

The dispute centers on a 2012 IRS audit into transfer pricing, a method used to shift profits to tax havens and avoid the U.S. corporate tax rate.

The number of students earning accounting degrees keeps falling, according to the latest figures released by the American Institute of CPAs.

Since crypto's meltdown in 2022 the digital asset industry has come to rely on "proof of reserves" as the go-to attestation, from an internal accounting and market reassurance perspective.

CohnReznick acquired Exiger's construction monitorship and public sector forensic investigations division; DJH Mitten Clarke acquired Revell Ward, Lyon Griffiths, and Haines Watts' Altrincham office; and OD Accountants acquired Probusiness.