Michael Cohn

A congressional appropriations committee wants to give the Internal Revenue Service $1 billion more in funding to improve taxpayer service and technology and make the overall tax system fairer.

The Governmental Accounting Standards Board released new guidance to provide a unified accounting treatment for compensated absences of state and local government employees and simplify the disclosure work.

Ernst & Young plans to invest $1 billion in next-generation assurance technology for its audit teams around the world to leverage as part of an overall $2.5 billion four-year commitment.

Rep. Don Beyer, D-Virginia, introduced a bill to impose a 1,000% excise tax on manufacturers, importers or producers of assault weapons and high-capacity magazines in the wake of a string of mass shootings across the country.

Business executives who assume their companies are highly trusted by consumers are overestimating their level of trust, according to a new PwC survey.

The 2018 case prompted many states to begin requiring remote sellers to collect sales taxes, but with inflation at a 40-year high, some are offering sales tax holidays and other relief.

At its annual conference this week, the IMA put a spotlight on how accountants are dealing with challenges like inflation and supply chain shortages.

The Financial Accounting Standards Board is asking its stakeholders to provide feedback on whether it should work on a new standard to account for government grants while building on an existing international standard.

The two Top 50 Firms are joining together in a mega-merger to form Elliott Penn LLP, accounting for approximately $400 million in revenue when the transaction closes Nov. 1.

The board released guidance Monday to improve the accounting and financial reporting requirements for state and local governments.

Companies are leaning more on risk management technology, with 72% planning on increasing their spending on technology to support the detection and management of risks.

The Internal Revenue Service gave out far less money last year to tax whistleblowers than in recent years and collected much less as well, according to a new report.

Deloitte is denying a report this week that it plans to spin off its audit practice as a separate entity from its consulting practice as rival Big Four firm Ernst & Young contemplates such a move.

The International Federation of Accountants signed a memorandum of understanding to support efforts to improve financial transparency, accountability and anti-corruption efforts in the public health sector around the world.

The Treasury Inspector General for Tax Administration is raising the alarm about identity thieves and fraudsters with a pair of public service announcements on YouTube.

Two decades after passage of the Sarbanes-Oxley Act, public companies are spending more time and money trying to comply with SOX requirements, despite the increasing use of technology to automate the process.

BPM LLP, a Top 50 Firm based in San Francisco, is extending its footprint in the North Bay area by adding Elliott CPA Group, headquartered in Santa Rosa, effective July 1.

The commission charged the Top 20 Firm and three of its partners Wednesday, and the firm agreed to pay a $1.9 million penalty to investors.

Aprio, a Top 50 Firm based in Atlanta, has watched its revenues increase from mergers and organic growth since rebranding over five years ago and plans further M&A activity ahead.

The stars of a long-running cable TV series were also found guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans.