The American Institute of CPAs has published , Risk Assessment in a Financial Statement Audit, a new audit guide. The guide, available in e-book format, includes a revised definition of significant risk.

The Internal Revenue Service reported the number of individual income tax returns received for its first report of the season were up 13.5 percent. The period covered ended February 3, compared to the comparable period ended Feb. 4, 2022.

Taxpayers filing Form 1040-X for amended income tax returns can now have refunds directly deposited. The Internal Revenue Service announced the capability this week