Accounting and auditing procedures are the steps that accountants and auditors follow when performing their respective tasks. Although accounting is about recording business transactions into ...

Forensic accounting has taken an important role in both private and public companies since the birth of the 21st century. The failure of some formerly prominent public companies such as Enron and Tyco ...

The IRS has issued new guidance on automatic accounting method changes. Revenue Procedure 2009-39 provides certain additions, modifications and clarifications to Revenue Procedures 2008-52 and 97-27 ...

The Internal Revenue Service (IRS) recently released two revenue procedures that relate to the implementation of accounting method changes as a result of the revisions to Section 846 of the Internal ...

The IRS updated the list of changes in accounting method to which the automatic change procedures in Rev. Proc. 2015-13, as clarified and modified, apply (Rev. Proc. 2018-31). Any method of accounting ...

The Internal Revenue Service has issued newly updated procedures for changing a business’s method of accounting for income tax purposes. Revenue Procedure 2015-13, released Friday, updates and revises ...

The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new ...

Maryland legislators and audit officials pointed to staffing shortages and a lack of proper accounting at Tuesday’s meeting of the General Assembly’s Joint Audit and Evaluation Committee as the cause ...