On November 16, 2022, the IRS released a long-awaited update to the procedure for large corporate taxpayers and large partnerships under continuous audit to obtain Qualified Amended Return (QAR) ...

The Public Company Accounting Oversight Board has released a new alert from the PCAOB staff warning auditors about deficiencies that have been seen in audits of revenue figures. The Staff Audit ...

Each year small businesses rush to complete their tax returns before the Internal Revenue Service's (IRS) April 15 deadline. Accountants and financial advisors are engaged to ensure that the companies ...

On April 8, 2020, the Internal Revenue Service (“IRS”) released Rev. Proc. 2020-23. This Revenue Procedure allows tax partnerships to realize cash benefits of amendments to the Internal Revenue Code ...

THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

Following an audit, Raleigh's Salix Pharmaceuticals will restate financial reports dating back to the beginning of 2013. Following an audit, Salix Pharmaceuticals (Nasdaq: SLXP) will restate financial ...