Michael Cohn

The firm hosted 18 students who learned about accounting, tax and audit careers.

The Financial Accounting Standards Board is considering changes in the transition requirements for its long-duration insurance standard.

A group of Senate Democrats is urging the Internal Revenue Service to extend the filing deadline for people with individual taxpayer identification numbers who have been affected by the massive processing delays at the IRS.

The Internal Revenue Service is being urged to pilot test virtual visits with paid tax preparers through videoconferencing technology as a way to reduce the number of errors in claims for refundable tax credits in a new government report.

Elizabeth Warren and nearly two dozen colleagues in the Senate introduced legislation to enable more taxpayers to file their taxes online for free directly via the service.

Economic confidence among accountants and finance professionals in North America has declined to levels seen during the height of the COVID-19 pandemic in 2020.

While Charles Rettig is scheduled to testify to Congress’s main tax-writing committees, IRS officials offered potential justifications for the unusual audits.

RubinBrown merged in Himes Consulting Group; WA Asset Management acquired BT Wealth Management; and BigTime Software acquired Projector PSA.

Funding for nonprofit organizations has remained flat or declined this past year, according to a new survey, as they face pressure from inflation and continuing fallout from the pandemic.

Dozens of companies in the U.S. are joining a pilot program to test a common electronic invoicing network.

Even though more companies are implementing enterprise risk management processes, many of them are falling short, according to a new study from the American Institute of CPAs and North Carolina State University.

BDO USA, a Top 10 Firm based in Chicago, reported revenue Tuesday of $2.4 billion for the fiscal year ending April 30, 2022, a 25% increase from fiscal year 2021.

The Tax Cuts and Jobs Act of 2017 had virtually no effect on reducing compensation of top executives at companies despite promises to the contrary, according to a new study.

The service’s recent policies expedited the hiring of new employees, but prolonged delays in eligibility verification could increase the risk of exposure of taxpayer data, according to a new report.

The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.

The service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion until the fifth anniversary of their spouse’s death.

The two were subject to a rarely used program of intense scrutiny that is supposed to be randomly selected.

The board released a concepts statement to guide GASB when mandating note disclosure requirements for state and local governments.

Scholarships ranging from $500 to $4,000 went to 43 accounting students across the state.

The American Institute of CPAs is asking for feedback on an exposure draft of the redesigned Uniform CPA Exam as the AICPA tries to expand the dwindling pool of young people entering the accounting profession.