Michael Cohn

The International Accounting Standards Board proposed a comprehensive framework for management discussion and analysis to better align with investor needs.

The American Institute of CPAs elected Bill Pirolli, a partner with DiSanto, Priest & Co., as its new chair at its virtual Spring Council session, for one year.

Dave McGuire and TJ Sponsel of the Indianapolis tax firm McGuire Sponsel have launched Akita Data, a data-consulting company that aims to protect clients against ransomware attacks and secure their data.

The Internal Revenue Service issued more than 4.4 million Economic Impact Payments last year totaling more than $5.5 billion to potentially ineligible people, according to a new report.

During the pandemic, small-business owners have been relying on their accountants for more than just bookkeeping.

The Internal Revenue Service disbursed more than 1.8 million additional Economic Impact Payments totaling over $3.5 billion under the American Rescue Plan in the past two weeks.

New legislation would equalize the tax breaks for different types of recreational vehicles, including travel trailers and campers.

FASAB is looking for input on a proposed interpretation of the federal financial accounting standards for cancelled debt.

The Financial Reporting Executive Committee posted draft versions of its interpretations of the Financial Accounting Standards Board’s new long-duration insurance accounting standard.

The Securities and Exchange Commission wants input from accountants on rules it is developing for disclosing climate risks and environmental, social and governance reporting.

The American Institute of CPAs and the Chartered Institute of Management Accountants jointly released guidance Tuesday for auditing and accounting for the risks of digital assets such as cryptocurrency.

Continuing education courses can sometimes put accountants and tax professionals to sleep, but a new breed of e-learning is making the process more enjoyable and engaging.

The Internal Revenue Service has been pilot testing new technology allowing for secure tax transcript retrieval that can integrate with an accounting firm’s practice management system.

The service plans to host its tax forums online again this summer starting July 20.

A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic.

Auditors are taking advantage of the remote auditing capabilities they used during the pandemic to do more types of audits and expand priorities like fraud detection and cybersecurity.

Billions of dollars in underreported taxes by employers and backup withholding for their employees are helping fuel the tax gap, according to a new report.

Regulating preparers, modernizing old tech and beefing up cryptocurrency reporting would yield $700 billion, according to a new report.

The U,S, Small Business Administration is urging food and beverage establishments to submit their applications for the Restaurant Revitalization Fund by next Monday.

The court unanimously ruled against the service in a decision enabling taxpayers to sue over a tax regulation, even before any penalty has been assessed.