Michael Cohn

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.

More companies across the globe are doing sustainability reporting and receiving assurance services, including in countries outside the G20, according to a new report.

Accounting firms are getting more involved in sustainability reporting and assurance around the world, with recent global standards and record-setting temperatures spurring calls for action.

The board issued a proposal to amend its rule for an individual auditor's or firm's contributory liability for knowingly or recklessly contributing to violations.

The Top 20 Firm is adding three locations in Southern California with its latest deal.

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

The Top 10 Firm is increasing its presence in New York State.

Kess, a renowned tax accountant, attorney and educator, died at the age of 97 on Sunday.

The Internal Revenue Service released a sneak peak of some of the changes it's hoping to make to the form for claiming research credits.

The service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront.

The immediate moratorium will be in effect until the end of the year.