F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...

A basic principle of accounting is that net operating losses are subtracted from retained earnings and thus from capital. If the losses are big enough, capital goes negative, your liabilities exceed ...

The American Institute of CPAs is planning to revise its independence rules amid the wave of private equity investments in accounting firms. In recent years, there has been a rising wave of PE firms ...

The American Institute of CPAs is asking the Securities and Exchange Commission to reject the Public Company Accounting Oversight Board's recently adopted standard on firm and engagement metrics, ...