Under Accounting Standards Update 2023-09, companies must detail much more information on the income taxes they pay than was ...

The Governmental Accounting Standards Board has issued an end of the year Statement which addresses inconsistencies in the financial reporting and definition of an accounting wormhole.

A recent case, Senty v. United States, provides several important lessons for tax return preparers . Mr. Senty was involved ...

The overhaul at the board continues as William Ryan succeeds Robert Rice, who is retiring at the end of the year.

Most people assume that when they hire a CPA, the title means the same thing everywhere. In reality, the U.S. CPA system functions less like one profession and more like 55 parallel jurisdictions.

Democratic senators urged President Donald Trump on Wednesday to reverse a recall of nearly 30 career ambassadors, warning ...

A federal magistrate judge on Tuesday blocked the Trump administration from withholding disaster preparation grants to states ...

Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

Accounting technology in 2025 was defined less by a single breakthrough and more by a slow, occasionally uncomfortable, maturation of ideas that had been ...

A senior department official on Monday described the mass recall as "a standard process in any administration." ...

South Korea's audit agency revised internal rules to end "policy audits," meaning it will no longer review major government ...

Discover what a corporate headquarters is, its significance, and why location matters. Learn how HQs shape company culture and influence economic growth.