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The Governmental Accounting Standards Board plans to allow accountants time to adjust to its existing standards before burdening them with new standards in 2029.

The AICPA and AIUC announced a joint assurance certification combining their examination processes into a single independent review of AI safety and effectiveness.

The final regulations allow the IRS to directly accept payments of tax by credit or debit card, without connecting taxpayers to third-party payment processors.

Hill, Barth & King acquired The Curchin Group, effective as of Oct.16, expanding the Top 50 Firm’s Northeast footprint.

The Big Four Firm reported that its global revenue reached $60.2 billion, up 5.7% from the prior fiscal year.

Two different studies recently pitted human CPAs against AI models in tests of accounting acumen, and while their results varied dramatically, both agreed that AI was still no substitute for living accountants.

The IRS needs to do more to identify and take action to protect taxpayers from preparers who don’t sign their clients’ returns, according to a new GAO report.

The Internal Revenue Service intends to host a series of webinars, videos, guidance and tools starting the week of Oct. 19 in preparation for next tax season.

The IRS anticipates the refund process for most eligible taxpayers to be complete by the end of this year in the latest payout ahead of the midterms.

The Doug LaMalfa Federal Disaster Tax Relief Certainty Act can help clients with disaster losses and wildfire settlements, but be careful about the rules.