For multinationals and companies with international vendors and customers, maintaining compliance can be a slippery slope fraught with curveballs and unforeseen regulatory changes.

The House Ways and Means Tax Policy Subcommittee held a hearing Wednesday on how the new tax law is affecting small businesses, hearing testimony from a CPA firm owner and others.

The Internal Revenue Service and the Treasury Department intend to issue proposed regulations to address the deductibility of state and local tax payments.

The International Foundation of Accountants has released the fourth edition of its Guide to Practice Management for Small- and Medium-Sized Practices (the Guide) to help small and midsized accounting practices meet the challenges of the globalized digital world.

KPMG LLP is conducting an internal review into its audits of embattled Middle East buyout firm Abraaj Group following the alleged misuse of money, according to people with knowledge of the matter.

The Financial Accounting Foundation has published its annual report on the Financial Accounting Standards Board and the Governmental Accounting Standards Board it oversees.

The American Institute of CPAs has sent three recommendations to the Internal Revenue Service about modifying the IRS’s proposed regulations for inventory valuation.

Workers are forced to draw on their 401(k) retirement savings for more immediate needs, according to a new survey by PwC.

Martin Baumann’s leaving follows last week’s resignation of inspections director Helen Munter.

Even as their job gets easier, the largest auditors impose greater charges the longer they’re auditing a company, according to a new academic study.