The firm admitted shortcomings in three years of work for a client, which had to restate its distributable reserves twice.

KPMG gets reprimand from U.K. regulator over reserves audits

Accounting Today is putting together its VAR 100 ranking of the top value-added resellers of accounting and accounting-related software by revenue.

Deadline extended: Accounting Today's 2020 VAR 100

The June QuickBooks update has brought bolstered reporting capabilities for QuickBooks Online and QBO Accountant, and a new tier for QuickBooks Desktop Enterprise that offers assisted payroll and industry-specific editions.

QuickBooks boosts reports for accountants, upgrades Enterprise edition

Disunion; $13K in cigars; ‘til theft do us part; and other highlights of recent tax cases.

Tax Fraud Blotter: Bad Lux

Ohio Society of CPAs president and CEO Scott Wiley, PwC US chairman Tim Ryan and Oracle executive director Kimberly Ellison-Taylor discussed the impact of racism on the profession.

Accounting leaders see 'an obligation to combat racism'

The Governmental Accounting Standards Board released a proposed technical bulletin Thursday from its staff with application guidance on the CARES Act and outflows incurred by state and local governments in response to the COVID-19 pandemic.

GASB proposes guidance for CARES Act and coronavirus

It won’t count as income to employees, but they also won’t be able to deduct it.

Cash payments for donated leave aren’t comp: IRS

In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.

Coronavirus may revitalize cryptocurrencies, but issues remain

One of the major challenges faced by many firms is creating a firm-first behavior model.

A culture of we versus I at firms

The Internal Revenue Service recently issued crucial guidance to help developers take advantage of tax credits for the systems, and supporters say it could usher in a new era for the controversial technology.

Fossil fuel’s answer to climate change just got less expensive thanks to IRS