Michael Cohn

Plus, the Institute of Internal Auditors expressed serious concerns about a recent board proposal on audit confirmations.

The Internal Revenue Service's Exempt Organizations unit needs to change its procedures and training when deciding whether to deny tax-exempt status to charities, according to a new report.

The service released a set of FAQs about recent changes to tax incentives for energy efficient home improvements and residential clean energy property.

The Internal Revenue Service won't meet its goal of catching up on its backlog of millions of unprocessed tax returns by the end of this year.

The accounting sector had the highest overall growth rate for bonuses this year in the professional services space, increasing 9.4%.

The Financial Accounting Standards Board is extending the period of time to use its LIBOR-to-SOFR relief guidance.

BDO USA added its first diversity, equity and inclusion officer earlier this year as accounting firms and other organizations try to improve their recruitment of employees from wider backgrounds.

The new standard for audit confirmations would replace an interim standard that hasn't changed for two decades.

The Treasury Department announced a timeline for offering more information on some of the main tax provisions of the Inflation Reduction Act.

The board released its latest inspection reports on Deloitte & Touche, PricewaterhouseCoopers, KPMG and Ernst & Young, plus BDO USA and Grant Thornton.

Withum added Martinez & Associates; Fandl and Gagnon combined; and Whitley Penn and Elliott Davis called off their merger.

The Committee of Sponsoring Organizations of the Treadway Commission selected Lucia Wind, vice president of internal audit at the technology company Unisys, as its next board chair, succeeding Paul Sobel, for a three-year term starting Jan. 1, 2023.

The agency plans to return to pre-pandemic levels of service next filing season.

Much of the money is going toward improving employees' technology and leadership skills.

The proposed revisions to the standards for continuing professional education programs aim to address constant technology changes.

The Top 25 Firm has expanded its footprint to South Carolina by merging in the Lanning Group, a firm based in the Charleston suburbs.

Officials from the Financial Accounting Standards Board are defending their consultations with investors in the wake of a report from an SEC advisory committee.

The board is stepping up its enforcement activities with a mostly new slate of board members.

A new revenue procedure explains the processes that manufacturers and sellers need to follow to be eligible for tax credits.