A joint report authored by the AICPA and Chartered Professional Accountants Canada said the rapid rise of AI throughout the global economy opens up new opportunities for accounting professionals to provide independent assurance of these systems to help build trust and confidence in their functions. In just a few years,
Andrew Harrer/Bloomberg The Internal Revenue Service and its Security Summit partners are renewing warnings to tax professionals about new and evolving schemes aimed at stealing business and taxpayer information. Among the schemes they’re warning about: The “new client” scheme. In a spear phishing scam, fraudsters pretend to be real taxpayers seeking
Long-time industry observer and author of the new book “Civil Warrior” Kristy Short shares best practices for keeping your staff — and yourself — from burning out. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio
Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases. Honolulu: Resident Hannah Heart has pleaded guilty to defrauding her mortgage lender and conspiring to defraud the IRS by fraudulently obtaining a tax refund and then thwarting IRS efforts to recoup it.
Nisivoccia, Mount Arlington, was honored at The Arc of New Jersey’s Annual Awards Dinner as the recipient of the 2025 President’s Award, presented each year to an organization or individual who has made a significant contribution to the mission of The Arc, an organization advocating for and serving children and
President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy. The 218-214 vote in the House Thursday
The American Institute of CPAs’ Auditing Standards Board is looking for feedback on a proposed standard updating auditors’ responsibilities related to fraud. The proposed Statement on Auditing Standards, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, includes several changes, such as the creation of required procedures
Donald Trump’s $3.3 trillion tax and spending cut bill passed the Senate Tuesday after a furious push by Republican leaders to persuade holdouts to back the legislation and hand the president a political win. Senators voted 51-50 to pass the bill, with three Republicans — Susan Collins of Maine, Thom
Enjoy complimentary access to top ideas and insights — selected by our editors. You finish a long day, turn off all three of your monitors and try to relax. But just as you’re about to take your foot off the accelerator you remember a client’s email that you forgot to
President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance and GOP leaders and Republican holdouts. The 51-49 vote, which was held open for nearly four hours, is a sign that Republican leaders are resolving the