Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.
By Michael CohnMarch 21 -
The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.
By Michael CohnMarch 20 -
A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.
By Michael CohnMarch 20 -
Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.
By Michael CohnMarch 20 -
The Public Company Accounting Oversight Board sanctioned an Israeli auditor and her firm for violating the PCAOB's rules in several audits, imposing a $200,000 penalty.
By Michael CohnMarch 19 -
The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.
By Michael CohnMarch 19 -
A federal court has temporarily halted the Securities and Exchange Commission's climate-related disclosure rule in response to a lawsuit from a pair of fracking companies.
By Michael CohnMarch 18 -
A growing number of CEOs have been attaining the CFO job, with a record number of them reaching the top rung at the biggest companies last year.
By Michael CohnMarch 15 -
Private equity firm New Mountain Capital is taking a majority stake in Grant Thornton in the biggest deal to come along in PE firms' involvement in the accounting field.
By Michael CohnMarch 15 -
The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.
By Michael CohnMarch 14