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 commission charged the Top 100 Firm with violating auditor independence rules on many occasions.
September 29 -
The service is allowing practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.
September 29 -
The service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.
September 29 -
The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.
September 28 -
About two-thirds of service employees would be furloughed in the event of a shutdown, which appears likely this weekend.
September 28 -
Cybersecurity and human capital rank as the top risks among internal auditors around the world, according to a new survey.
September 28 -
The board floated a proposal to set requirements for some types of capital assets to be disclosed separately for purposes of note disclosures.
September 28 -
The document aims to help auditors and accountants set up a quality management system at their firms ahead of a 2025 deadline.
September 28 -
Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.
September 28 -
The commission appointed a CPA who has served as director of the board's Division of Registration and Inspections.
September 27 -
The service released information on two energy-related tax breaks under the Inflation Reduction Act.
September 27 -
The American Institute of CPAs expressed strong support for bipartisan legislation that would establish the accounting profession as a STEM career pathway.
September 27 -
The number of companies that have restated their financial results or disclosed accounting problems has increased significantly in recent years.
September 27 -
The Public Company Accounting Oversight Board sanctioned a Deloitte member firm in South America for violating quality control standards.
September 27 -
The international network founded by a group of former partners from Arthur Andersen has unveiled a global valuation practice.
September 27 -
The board levied a $2 million penalty against the Chicago-based Top 10 Firm for violating its auditing rules and standards, and sanctioned two of its audit partners.
September 26 -
As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.
September 26 -
The Top 20 Firm is expanding its presence in New York by adding a Regional Leader.
September 26 -
The board released an annual update of its ethics code to reflect the latest changes in auditing and quality management standards.
September 22 -
The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.
September 22
