The United Kingdom’s Competition and Markets Authority has issued a long-awaited report calling for separation of audit from consulting services, mandatory “joint audits” and regulatory powers to increase the accountability of audit committees.

The Internal Revenue Service hopes to improve taxpayer service and cybersecurity by updating its IT infrastructure.

South Korean auditors are refusing to sign off on more and more corporate financial statements due to tighter regulations, giving investors earlier warning signs of trouble ahead.

There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.

If Democrats now in charge of the House Ways and Means Committee ever get their hands on President Donald Trump’s tax returns, they could thank their Republican predecessors for providing cover to make the documents public.

If you want to use mergers and acquisitions to grow your accounting practice, here are some perspectives to consider.

The justices questioned a state’s ability to tax income from a trust based on the beneficiaries residing there before taking any distributions.

The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.

The size of clients’ tax refunds was up 1.4 percent this tax season, while their overall tax liability was down 24.9 percent.

Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.