Leaders of the Senate Finance Committee said they were “taken aback” to find out the Internal Revenue Service has recently signed a $7.25 million contract with Equifax for verifying taxpayer identities after the company admitted to a massive data breach exposing the personal information of approximately half of all Americans.

PricewaterhouseCoopers reported 7 percent revenue growth worldwide Wednesday for fiscal year 2017, reaching a record $37.7 billion.

The report is part of IASB’s better communication in financial reporting initiative.

Congressional leaders expect heavy lifting ahead.

Helping clients with payroll has led some pioneering firms to realize that they need help with a host of other back-office functions, from HR and on-boarding to benefits administration. This report looks at how firms are exploring these new services, and the tools and strategies available to them.

The sixth edition of Accounting Today’s annual report highlights eight outstanding accounting firm leaders.

Our annual selection of great accounting firm leaders (text version).

The Securities and Exchange Commission has upgraded its EDGAR system and now supports the 2017 IFRS taxonomy for International Financial Reporting Standards using XBRL technology.

The Financial Accounting Standards Board published a proposed accounting standards update Tuesday to clarify and get rid of some specific inconsistencies in key parts of GAAP.

The Halloween tax; death during dishonor; define ‘gambler;’ and other highlights from our favorite tax bloggers.