Michael Cohn

The European Commission adopted the European Sustainability Reporting Standards on Monday; they will take effect in 2024.

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

The board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

The board is proposing to create an XBRL version of its recently released ESG standards.

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

Aprio is growing in Alabama, and Adams Brown is growing in IT and cybersecurity services.

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.

Companies have been doing more reporting on their corporate social responsibility efforts, but that's especially the case when there's a new chief executive in place.

The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.

Forvis added Thales Consulting; and RSM South Africa merged in Ngubane Johannesburg.

The International Organization of Securities Commissions officially approved sustainability and climate disclosure standards from the International Sustainability Standards Board.

The board's inspectors are finding 'unacceptable' levels of problems at auditing firms, with year-over-year increases once again.

A bookkeeper reportedly stole from her employer in an effort to retain the affections of her estranged boyfriend.

The Association of International Certified Professional Accountants unveiled a new educational report on climate resilience, the fourth in a series.

Students aren't majoring in accounting because they don't have a passion for the subject, and because they perceive barriers in cost and time.

The service is stopping most unannounced visits to taxpayers' residences and businesses after a rising number of threats has put its employees' safety at risk.

With increasing demands for sustainability reporting and climate-related disclosures, companies pursuing deals need to vet their potential targets more closely.

The service is seeing a surge of scams hitting taxpayers via email and text messages touting tax refunds and quick fixes to their tax problems.