Michael Cohn

Cybersecurity and human capital rank as the top risks among internal auditors around the world, according to a new survey.

The board floated a proposal to set requirements for some types of capital assets to be disclosed separately for purposes of note disclosures.

The document aims to help auditors and accountants set up a quality management system at their firms ahead of a 2025 deadline.

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.

The commission appointed a CPA who has served as director of the board's Division of Registration and Inspections.

The service released information on two energy-related tax breaks under the Inflation Reduction Act.

The American Institute of CPAs expressed strong support for bipartisan legislation that would establish the accounting profession as a STEM career pathway.

The number of companies that have restated their financial results or disclosed accounting problems has increased significantly in recent years.

The Public Company Accounting Oversight Board sanctioned a Deloitte member firm in South America for violating quality control standards.

The international network founded by a group of former partners from Arthur Andersen has unveiled a global valuation practice.

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.

As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.

The Top 20 Firm is expanding its presence in New York by adding a Regional Leader.

The board released an annual update of its ethics code to reflect the latest changes in auditing and quality management standards.

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

The service is encouraging employers to work with qualified tax professionals rather than shady promoters.

Businesses have been dealing not only with inflation and rising interest rates, but also new requirements for family leave, minimum wage increases, and pay transparency rules.

The tax educator is remembered by colleagues as both a highly proficient technical expert and a kind, caring human being who took an active interest in others' wellbeing.

Accounting firms are seeing their revenues, partner income and profits increase this past year, even as more firms resort to outsourcing to fill their talent shortages.

The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.