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 International Federation of Accountants released the second installment of its advice for implementing the IAASB's updated standards.
July 5 -
The rate of hourly pay and hiring growth slackened last month at small businesses, which also had a harder time finding workers.
July 5 -
The company plans to invest $100 million per year in artificial intelligence starting next year.
July 3 -
Global tax professionals are concerned about the impact of the OECD's base erosion and profit shifting plan, as well as artificial intelligence technology.
July 3 -
The Internal Revenue Service is cautioning taxpayers to beware of a new scam in which fraudsters are sending out cardboard envelopes from a delivery service asking for personal info.
July 3 -
The service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act.
June 30 -
Global corporations are hoping to fend off requirements for reporting on the amount of taxes they pay in each jurisdiction, while regulators are moving forward cautiously with imposing such rules.
June 29 -
The Internal Revenue Service provided transitional guidance on the 1% excise tax on corporate share repurchases that was part of last year's Inflation Reduction Act.
June 29 -
The Association of International Certified Professional Accountants released an updated set of global guidelines for management accountants.
June 29 -
Part of the point of the follow-up mailing is to clear up any confusion that may have arisen from an earlier mailing.
June 28 -
A pair of senators are reintroducing bipartisan legislation to eliminate gender-specific spousal references in the Tax Code and protect LGBTQ+ Americans from discrimination.
June 28 -
The U.S. Small Business Administration disbursed up to $200 billion in potentially fraudulent EIDL and PPP funds, but that amount was disputed in a separate report by the SBA itself.
June 28 -
Organizations are not making a priority of examining their corporate culture, although some internal auditors are doing that to deter corporate malfeasance, according to a new report.
June 27 -
The board proposed an update to improve the accounting for purchased financial assets, including those acquired in a business combination.
June 27 -
The Top 10 Firm is becoming a professional service corporation instead of a partnership in July, a move that could have a major impact on the finances of its partners and employees.
June 27 -
KPMG is reducing headcount further after earlier layoffs this year, cutting approximately 5% of its U.S. employees.
June 27 -
The payroll and HR technology provider is adding artificial intelligence to its products after hiring the former global head of data science and analytics at Google.
June 27 -
Eide Bailly is adding King & Oliason; Ferrell & Kelly joined Hancock Askew; and Getzel Schiff & Pesce is merging in Kalmus, Siegel, Harris, & Goldfarb.
June 26 -
The board wants to address the greater use of technology by auditors, especially when it comes to analyzing information in electronic format.
June 26 -
The board finalized its first two standards on general requirements for disclosure of sustainability-related financial information and climate-related disclosures.
June 26
