Michael Cohn

The board will initially allow companies to focus on disclosures around climate when they issue reports based on the ISSB's first two draft standards.

The IRS issued a revised version allowing nonprofits and charitable trusts to file requests for miscellaneous determinations electronically.

The service described some of the rules it plans to include in upcoming proposed regs for what qualifies as an "energy community."

Small businesses did a bit more hiring and paid workers more last month, according to a report from payroll provider Paychex.

That decision may have been premature, according to a new report.

The Top 10 Firm is supporting recent legislation in Minnesota that would lower the traditional 150-hour requirement for CPA licensure.

The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.

Banks have been reclassifying their losses to avoid taking steep write-downs that could be helping them stay in business.

Long-awaited proposed guidance gives details on the new tax credits for electric vehicles under the Inflation Reduction Act.

The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue.

The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.

The committee released a study Thursday on how to apply its widely used internal control framework to sustainability reporting.

The Global Reporting Initiative released a report urging companies to take a due diligence approach in their sustainability efforts.

The board released an update to improve how companies disclose investments in tax credit structures by letting them use proportional amortization.

Companies that went public before the slowdown in the IPO and SPAC markets have been having trouble complying with Sarbanes-Oxley requirements.

IOSCO is encouraging the development of a more global assurance framework for sustainability-related corporate reporting.

The Public Company Accounting Oversight Board voted to update a group of old interim standards it inherited from the AICPA in 2003.

The board levied a $100,000 fine and censured Friedman LLP, a former Top 100 Firm that's now part of Marcum for improper use of Chinese audit firms.

The boards are moving to a new oversight body called the International Foundation for Ethics and Audit.

The board issued an ASU to ease the guidance for applying the leasing standard to arrangements between entities under common control.