For tax years 2023 and 2024, 45,386 returns claimed about $172 million in tax credits that ITIN holders were not eligible to receive.

Canada’s top securities regulator alleged that KPMG failed to properly value the loans held within funds, harming investors.

Staff in the Big Four firm’s U.S. tax business will be required to work on the premises or at a client site 12 days a month from July 1.

Let me guess what’s on your firm’s website right now:

Over a million of tax-favored accounts are eligible for a $1,000 contribution by the government.

Basis announced the appointment of Kenji Kuramoto, founder of Acuity, which last year merged with thirteen other firms to form top 50 firm Sorren after he led it for 20 years, as its managing partner in residence.

Public Company Accounting Oversight Board chairman Demetrios Logothetis outlined the board’s strategic plans for the next five years, and asked for stakeholder input.

While AI controls are important, organizations should not pursue one-size-fits-all blanket applications, especially when differentiating between matters of governance versus technology.

The proposed cuts impact roughly 6% of the audit division’s 7,100 employees.

The Internal Revenue Service canceled contracts as part of the federal effort to reduce overall spending — but the effect it will have on taxpayer services is yet to be seen.