Accounting
Retirees will get 3.2% Social-Security boost next year, smallest gain since 2021
Monthly checks for the more than 71 million people receiving retirement or disability benefits in the U.S. will get a...
TCFD finds more companies making climate disclosures in final report
The Financial Stability Board's Task force on Climate-related Financial Disclosures is seeing more than half of companies issuing at least...
Audit deficiencies are rising, despite engagement quality reviews
The Public Company Accounting Oversight Board has been requiring auditing firms to conduct engagement quality reviews ever since 2009 as...
IRS sees tax gap widen to $688B
The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates. Credit:...
How large firms are winning global clients
In today's business landscape, accounting firms face growing pressure to differentiate themselves from the competition. Accountants are utilizing cloud-based accounting...
German Cum-Ex mastermind loses appeal at top criminal court
Hanno Berger, a German lawyer once dubbed the "mastermind" of Cum-Ex, lost an appeal over his conviction in the tax...
M&A roundup: CohnReznick and U.K. firms expand
DJH Mitten Clarke, a firm based in Stoke-on-Trent, U.K., completed three strategic acquisitions in September, strengthening its presence in the...
The IRS wants tax pros to be ready for both death and taxes
The Internal Revenue Service is sharing best practices on how to handle a tax practitioner's eventual demise, according to the...
Sustainability accounting standards revised for international applicability
The International Financial Reporting Standards Foundation issued a set of documents detailing changes to the standards it inherited from the...
Bankman-Fried dismissed audit risks at FTX, ex-girlfriend testifies
Jurors in the fraud trial of FTX co-founder Sam Bankman-Fried heard his ex-girlfriend Caroline Ellison explain how he allegedly arranged...
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