SEC nixes 'gag rule' on enforcement action settlements
The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.

IRS upped overtime amid staff reductions
The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall's government shutdown.

IRS detecting more tax-related identity theft
The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.

Evergrande liquidators seek $8.4B from PwC in Hong Kong court
The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.

Musk's xAI fails to pay staff $420 for giving their tax returns to Grok
Employees were asked to offer up their own tax returns as training data for the company's Grok chatbot, promising a $420 payment as incentive for doing so. Two months later, those payments still haven't materialized.

The operational capacity crisis firms are still underestimating
The discourse surrounding the future of accounting has largely centered on automation, AI and digital transformation. Yet many firms face a more immediate issue.

DOJ creates $1.8B fund under Trump IRS settlement accord
The amount of the fund is set at $1.776 billion, an apparent reference to the year 1776 and the creation of the U.S.

Lewis Group CPAs adds specialty-trades firm
Lewis Group CPAs acquired specialty-trades accounting firm Atlas Accounting Group in April, expanding its presence in the Pacific Northwest

The profession that could fix AI governance hasn't been asked
Will the profession wait for the AI equivalent of 1929 before applying what it already knows? The answer begins with examining what the current AI assurance landscape provides and what it does not.

AI in the audit room: What it actually looks like
Technology is not replacing accountants. But it is changing what accounting work involves, and the change is further along than most realize.