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The two Top 25 Firms are reportedly close to a major M&A deal, which would create a firm with $3 billion in annual revenue.

As AI works its way into more and more business processes, it has become increasingly important for auditors to understand where, why, when and how organizations use it and what impact it is having.

Big Four firm EY announced a collection of new AI solutions to enhance the work of its assurance professionals, as part of its $1 billion investment in AI.

The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business’s prospects as a going concern.

The first wave of layoffs and others in the works will reduce enforcement. But the smaller ranks will still carry out “a rather grueling examination,” an expert says.

A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.

Change is not at hand; a question for brokerages; the IRS Simple Installment; and other highlights from our favorite tax bloggers.

Elon Musk’s Department of Government Efficiency reportedly plans to centralize all IRS data around a single portal and will begin efforts next week with a “hackathon.”

Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.