The United Kingdom’s Financial Reporting Council has fined KPMG’s U.K. firm £5 million (discounted through a settlement to £4 million, or about $5.2 million) for its fiscal year 2009 audits of the Co-operative Bank.

Companies that shop around among auditing firms for clean opinions on their financial statements can compromise the objectivity of outside auditors, according to new research.

Wolters Kluwer Tax & Accounting announced today at 1:45 p.m. E.T., that CCH Axcess is back up following a malware attack that occurred on Monday.

The American Institute of CPAs’ Auditing Standards Board has posted a group of standards for audit reports and auditing financial statements.

The Tax Cuts and Jobs Act creates the opportunity for big tax savings from restructuring a company’s status.

“Work Your Way to CPA,” presented by the Pennsylvania Institute of CPAs and its Pennsylvania CPA Foundation, aims to help students and recent graduates navigate their early careers as CPAs.

QuickBooks Online users can now access RUN Powered by ADP directly from within QBO.

President Trump complains that large corporations, such as Amazon.com, are shirking their tax responsibilities. Yet for at least a decade, Trump paid none or very little in federal income taxes by exploiting some of the same generous tax breaks.

President Trump defended his real estate tax strategy saying his business was “entitled” to write-offs following a New York Times investigation that showed he reported losses of $1.17 billion between 1985 and 1994.

President Donald Trump, who won the presidency in part on his image as a successful business mogul, lost $1.17 billion over 10 years on failed business deals, according to tax records obtained by the New York Times.