United States: Accounting and Audit

U.S. Immigration and Customs Enforcement has reclassified common Form I-9 errors as substantive violations rather than technical failures, potentially eliminating correction opportunities during audits and increasing financial penalties for employers. This guidance shift narrows what constitutes a correctable error, with violations now ranging from $288 to $2,861 per form, prompting employers to reassess their I-9 compliance processes.

The SEC has announced the creation of a new enforcement team focused on auditing-related misconduct, signaling heightened scrutiny of auditors and potential SOX violations.

If your company runs SAP, there's a good chance you'll face a license audit in the next few years — and the outcome may cost you far more than you expect.

Los Angeles officials are considering a cannabis tax amnesty program designed to help struggling marijuana businesses resolve unpaid municipal cannabis business taxes while allowing the city to recover otherwise uncollectible revenue.

The One Big Beautiful Bill Act (OBBBA) has reshaped tax incentives for wineries, expanding opportunities for R&D expense deductions, production property depreciation, and energy credits. Understanding how these changes interact with winery operations—from fermentation systems to facility upgrades—can significantly impact cash flow and investment returns. This framework helps wineries align tax planning with operational decisions to maximize available benefits.

From legislation like the One Big Beautiful Bill Act (OBBBA) to new accounting standards under ASC 740, private companies face a wave of tax reporting changes that will directly impact financial statements.

Consider a court case in which one side presents a chart, report, or a video reconstruction that was created entirely by artificial intelligence (AI).

Private companies, family-owned businesses and employee stock ownership plans (ESOPs) face unique challenges when conducting internal investigations. Unlike their public company counterparts, these types of businesses...

Unbiased analysis is paramount in forensic accounting.

In recent years, the accounting profession has been grappling with a concerning trend: a shortage of skilled workers. According to the American Institute of CPAs (AICPA)...

Cybersecurity breaches concerning workers' personal information and retirement savings have increased liability risks for benefit plans and third-party administrators under federal benefits laws.

FINRA proposed a rule amendment to restrict access to representative- and principal-level qualification scores.