Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.

CPA leaders in business and industry are notably optimistic about the U.S. economy in 2025, a new survey shows. Two-thirds of executives expressed optimism about the domestic economy, a dramatic rise ...

The accounting profession stands at a crossroads, challenged by a decline in new entrants that has led to a significant talent shortage. To help address this challenge, the National Pipeline Advisory ...

The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.

An Accounting Standards Update focuses on the measurement of credit losses for accounts receivable and contract assets for private companies and certain not-for-profit entities.

Nearly three in eight businesses in a poll said they were waiting until the end of the year to file beneficial ownership information reports.

The IRS issued regulations that finalize proposed regulations issued in 2013. The guidance is focused on when and to what extent a partner is treated as bearing the economic risk of loss and the ...

Also, an internal controls expert joined for a discussion on COSO and its relationship to SAS 145, and a current Auditing Standards Board member addressed questions the AICPA has been receiving on the ...

The decision reaffirms the relevance of Skidmore v. Swift & Co., which established Skidmore deference as an approach to judicial review of agency interpretations.

A taxpayer could not deduct purported business expenses associated with writing and research activities held to be not engaged in for profit under Sec. 183.