IRS to revamp Form 990 to require more info
The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.

Tax Fraud Blotter: Running backlash
Shell game shellacking; one tequila, two tequila; cryptocurrency con; and other highlights of recent tax cases.

IPSASB proposes tweaks to public sector accounting standards
The International Public Sector Accounting Standards Board proposed a set of narrow changes to align them with recent guidance from the IASB.

Top 5 opportunities for firms
The rapidly changing profession leaves firms with a host of challenges — and opportunities.

US, South Africa renew accounting recognition pact
U.S. and South African accounting organizations extended a mutual recognition agreement through mid-2031, allowing accountants to practice in both countries.

FASB provides guidance on paid-in-kind dividends
The accounting standards update offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

Two relationships that will define the next decade of client value
The reason integrated firms are being built and attracting clients is not because service bundling is a clever revenue trick.

PwC pays $166M to settle HK Evergrande audit probe
PricewaterhouseCoopers agreed to pay fines and compensation to settle investigations into its auditing work for the collapsed property giant.

KPMG premieres monthly close AI assistant
Ignite Financial Close Companion, developed in cooperation with Google and HR platform Workday, assists with the month-end closing process.

ISSB plans practice statement on nature-related disclosures
The International Sustainability Standards Board decided during a meeting on Earth Day that it will propose a set of requirements for nature-related disclosures in the form of an IFRS Practice Statement.