Michael Cohn

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

The board sanctioned the Big Four firm's member firm in South Korea and two of its former auditors for violating quality standards.

The Alexandria, Virginia-based firm is expanding in Richmond with the deal.

The effective date of final regulations on foreign currency used by multinational companies' qualified business units is being postponed for another year.

The International Federation of Accountants unveiled a web page that presents reports, documents, case studies and other materials.

The board aims to modernize standards, enhance inspections, strengthen enforcement and improve organizational effectiveness.

Gary Gensler has been encouraging the PCAOB to update more of the standards to take into account the way firms are working today.

The provisions are likely to change the tax planning used by the largest companies and their accounting firms.

Republicans and Democrats have been sparring over whether the extra funding will be used to audit low-income and middle-class taxpayers.

Lesser known provisions may lead to a kind of tax on carbon dioxide and methane emissions for the first time in the U.S.

Accountants have been helping their clients deal with the tax and financial implications of marijuana and CBD businesses.

The institute wants the Internal Revenue Service to address 'plummeting' service levels on its so-called Practitioner Priority Service and make fixes.

The Internal Revenue Service is searching for a new deputy chief of its Independent Office of Appeals to help manage and develop the office.

Companies can get a "reasonable" level of assurance on their internal controls.

The wording has changed from "virtual currencies" to "digital assets" in general, and there are other changes too.

DAFs have been receiving more than half their contributions from complex assets such as shares of public and private companies, real estate and cryptocurrency in the past five years.

The American Institute of CPAs has sent comments to lawmakers in the House and Senate about the tax proposals in the Biden administration's climate, tax and spending bill.

The unemployment rate fell one-tenth of a point to 3.5%, a level not seen since before the pandemic.

National Taxpayer Advocate Erin Collins is protesting a decision by Internal Revenue Service officials to postpone implementation of scanning technology.

The Institute of Management Accountants is seeing signs of a lax attitude toward ethics developing in recent years as more people work from home and are tempted to cut corners on their expenses.