Sales tax rates hit a 10-year high
The combined average U.S. sales tax rate rose for the first time in four years to a 10-year high of 10.1881%, according to a new report.

NATP adds two credentials for tax pros
The National Association of Tax Professionals unveiled Accredited Individual Tax Professional and Advanced Accredited Individual Tax Professional credentials.

SEC has a new accounting enforcement unit. What should you do?
The SEC is assembling a team of attorneys and accountants whose job is spotting when financial reporting crosses from aggressive judgment into misleading disclosure.

Crypto firm Tether says KPMG completes long-promised audit
After years of promises, stablecoin issuer Tether said it has received a full independent audit of its financial statements for the first time.

NYC pied-a-terre tax can proceed for now, appeals court says
The rollout of New York's pied-à-terre tax can proceed for now after an appeals court temporarily put a hold on a Staten Island judge's order blocking the plan.

Tech news: Suralink expands Agent Library
Plus, TransFi launches Jarvis for cross-border payment compliance; PwC Canada joins with Alation to develop AI solutions; and other accounting tech news.

Tax Fraud Blotter: No hope with DOPE!
Improper personal expenses; satisfied clients; unpaid principal; and other highlights of recent tax cases.

PCAOB inspection reports of largest audit firms show improvements
The Public Company Accounting Oversight Board released its annual inspection reports for the largest six audit firms, indicating better results.

IRS faulted on maintaining a drug-free workplace
The Internal Revenue Service didn't do enough to ensure a drug-free workplace, according to a new report.

EY leverages AI for audit
Ernst & Young has been ramping up its use of artificial intelligence technology to make its audits more thorough for clients worldwide, while turning auditors into AI developers.