The FASB voted to propose a new ASU that would, among other things, remove the distinction between linear and nonlinear development methods.

An influential advisory committee to the Internal Revenue Service is asking Congress to regulate noncredentialed tax preparers and boost funding for the IRS and the National Taxpayer Advocate.

Pretty much every accountant has used AI in one form or another, with the most common use case being data entry and processing, according to a poll from Intuit QuickBooks.

The arrival of artificial intelligence represents the biggest opportunity to modernize the profession since the advent of the spreadsheet.

Disaster planning; the flipside of an Employee Retention Credit mess; the QoE; and other highlights from our favorite tax bloggers.

A coalition of accounting educators and tech leaders released a generative AI governance framework as a starting point for organizations.

In a narrow holding, the Supreme Court upheld the provision, but emphasized that the ruling did not have broader implications.

When you announce the new tax season to your clients, let them know it’s a new benefit you’re offering.

BDO USA released its 2023 Audit Quality Report Tuesday as it added a second independent member to its Audit Quality Advisory Council.

Sen. Bernie Sanders and Ed Markey are introducing legislation to impose a 95% windfall tax on the excess profits of large corporations that are overcharging for products.