The amount of time that identity theft victims have to wait for tax refunds has increased as the Internal Revenue Service has shifted priorities, with some waiting nearly two years.
Category: NYT Accounting News
Breaking down a scheduled tax season
Here’s a step-by-step guide to calendar blocking.
UK tech mogul beats HP fraud case
Prosecutors alleged that Autonomy used a number of manipulations to make its revenue growth appear better than it was, so vendors would then buy the company’s products.
Tax Fraud Blotter: Smoothie operator
No relief in sight; just plane crooked; no fool like a gold fool; and other highlights of recent tax cases.
SEC, FASB officials stress tone at the top, new standards
Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.
Auditors prioritize tech for fieldwork
A recent survey from Thomson Reuters said auditors find new technology that assists during the execution/fieldwork phase of an engagement to be most useful.
AICPA updates digital assets guidance
The practice aid provides information on auditing the valuation of cryptoassets and audit procedures surrounding their existence, rights and obligations.
U.S. lawmakers accuse Nigeria of taking Binance exec hostage
Tigran Gambaryan is accused alongside the company of charges including nonpayment of value-added tax and corporate income tax, and complicity in aiding customers to evade taxes through its platform.
Detroit Nonprofit CFO Accused of Stealing $40 Million
Prosecutors said the financial chief of the Detroit Riverfront Conservancy used the group’s funds for personal purchases from Louis Vuitton and a diamond dealer.
IRS tries to use AI to close tax gap
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.