IRS waives tax penalties for dyed diesel fuel sales
The Internal Revenue Service is providing relief on federal tax penalties on sales of dyed diesel fuel in response to an executive order from President Trump.

Tax Strategy: IRS identifies transactions of potential concern
The Internal Revenue Service is closely examining the tax strategies used by some exchange-traded funds, according to a recent notice and revenue ruling.

Allocated costs in fixed asset registers bring audit risks
Allocated costs can distort replacement or reproduction cost new estimates, depreciation analyses and valuation conclusions.

Majority of accountants agree AI is profession's top ethical challenge
A comfortable majority of accountants agree that artificial intelligence represents the foremost ethical challenge to the profession today.

Before approving an ERP plan, negotiate the essentials
CFOs must actively negotiate the conditions for success by which the ERP program will be measured, focusing on three areas.

Meta's use of tax credits for data centers probed by Democrats
Senate Democrats demanded answers on whether Meta used a dubious tax strategy to reap billions in federal breaks to fund data center construction.

What lease accounting reveals about the future of audit
Lease accounting under ASC 842 has become one of the clearest tests of how ready a firm is for the next era of audit.

Only a third of small firms actively block email spoofing their domain
About a third of small CPA firms have implemented a measure that prevents fraudsters from sending fake emails in their name but the majority remain vulnerable to impersonation.

IRS teams with DOJ on tax fraud enforcement surge
The IRS and its Criminal Investigation division partnered with U.S. Attorneys' Offices around the country and uncovered more than $490 million in tax fraud.

AICPA releases practice guide for auditors dealing with AI
The practice guide explains how audit standards apply to the use of AI for entities using it for financial statements and practitioners using it during the audit.