The AICPA has filed a federal lawsuit against the IRS challenging the legality of the IRS’s plans for voluntary continuing education and testing of tax preparers, reports Accounting Today.

Participate in the next ASSET Member Q&A by describing the story of your professional journey in only six words!  It can be done—be fun; creative; serious; whatever it takes. Please submit your response by August 4.

Kimberly-Clark's finance chief wants every employee in his 1,600-person accounting team to think like a CFO. Find out what he sees as the power of this mindset, courtesy of CFO.com.

Starting in January 2015, the IRS will limit the number of refunds that are electronically deposited into a single financial account or pre-paid debit card to three to help crack down on fraud and identity theft, according to AccountingWEB.

The IRS has issued final regulations that modify the standards governing written advice. As a result, the IRS Office of Professional Responsibility is asking practitioners to stop using Circular 230 disclaimers that say the disclaimer is required.