KPMG has agreed to pay more than $6.2 million to settle charges it failed to properly audit the financial statements of Miller Energy Resources, a Knoxville, Tenn.-based oil and gas company that settled accounting fraud charges last year, the Securities and Exchange Commission said Tuesday.

The American Institute of CPAs is recommending a set of changes to the Internal Revenue Service’s proposed partnership audit regulations.

Three international standard-setting boards for auditing, accounting ethics and accounting education issued a new publication Monday in the hopes of making accountants and auditors more skeptical of management assertions.

Internet sellers have been grappling with the murky sales tax implications of online sales for well over a decade.

In your role as a CPA, you’re a trusted resource for your clients and that means it’s important for you to keep abreast of all regulations that could potentially impact them.

The American Institute of CPAs said Monday that it supports a new policy from the National Credit Union Administration on how audit reports on credit unions should be submitted.

My best hires were those I hired out of school and trained.

President Donald Trump laid out a path for Senate Majority Leader Mitch McConnell to get back in his good graces: replace Obamacare, overhaul the U.S. tax code and find a way to pay for big infrastructure improvements.

The reductions might not do all that much to help the economy in 2018.

As the accounting profession struggles to attract a new and more diverse cohort of accountants, Harold Deiters, a partner at Baker Tilly and president of the New York State Society of CPAs shares why it matters, and what his state is doing to move the needle – as well as why giving back to the profession is well worth it.