EY reports improved audit quality
Ernst & Young released its 2026 U.S. audit quality report, showing the biggest improvement ever in its annual PCAOB inspection findings.

IRS lengthy case backlog frustrates identity theft victims
Taxpayers waited about 20 months for the IRS to process their identity theft cases in recent years, frustrating and burdening taxpayers expecting tax refunds.

Why advisors are rethinking entity structures for clients — and maybe themselves
Recent tax law changes are prompting businesses to rethink entity structures. Here's what financial advisors need to know when guiding clients or making decisions about their own RIAs.

GASB offers guidance on financial reporting improvements
The Governmental Accounting Standards Board released an implementation guide with questions and answers clarifying the requirements related to subsidies.

Why autonomous finance won't be built alone
Every journal entry, reconciliation and audit trail must be accurate, explainable and defensible. AI doesn't lower that bar; it raises the stakes for meeting it.

IRS sets per diem rates for travelers for 2026-2027
The Internal Revenue Service issued its annual notice setting the daily rates that business travelers can use when deducting their expenses.

Ramp launches AR product to pair with payment capacities
Financial operations platform Ramp, traditionally associated with outbound payments, now has a solution for inbound payments via the new Ramp Accounts Receivable product.

DOJ sides with churches in political speech case
The Justice Department told an appeals court it largely agrees with religious groups suing it over how far churches can wade into politics and stay tax-exempt.

PwC puts guardrails on AI in audit with human oversight
PricewaterhouseCoopers has been ramping up its use of artificial intelligence in recent years, while making sure to control the technology as concerns abound.

FASB proposes guidance on mortgage servicing rights
The Financial Accounting Standards Board issued a proposed update to improve the accounting guidance for residential mortgage servicing rights.