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 accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.
May 19 -
The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.
May 19 -
The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.
May 18 -
The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall's government shutdown.
May 18 -
The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.
May 18 -
The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS's 2026-2027 Priority Guidance Plan.
May 15 -
The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.
May 14 -
The Financial Accounting Standards Board decided to add several projects to its technical agenda.
May 14 -
The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain issues.
May 13 -
The IRS provided more details about the settlements it's offering for a limited time in syndicated conservation easement and historic preservation claims.
May 13 -
The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of more than $1 million.
May 12 -
The Top 100 Firm acquired a Miami-based firm that specializes in international tax consulting, estate and trust matters, and tax planning.
May 12 -
Tax delinquency is increasing among federal government employees as well as retirees, according to a new report.
May 11 -
Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.
May 11 -
The American Institute of CPAs wants more information on a provision of the One Big Beautiful Bill Act imposing an excise tax on tax-exempt organizations.
May 11 -
The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.
May 8 -
The U.S. Bureau of Labor Statistics report surpassed economists' expectations, as the unemployment rate remained unchanged at 4.3%.
May 8 -
Officials discussed the SEC's proposal for a semi-annual reporting option along with new accounting standards at a Baruch College conference.
May 7 -
The Internal Revenue Service plans to offer settlements in syndicated conservation easement cases, but only for a limited time, as it unveils an updated website.
May 6 -
Small businesses with less than 50 employees continued to add jobs last month despite the growth in gas prices, according to a report from Paychex.
May 6
