Michael Cohn

President Biden has picked Allison Herren Lee, a member of the Securities and Exchange Commission, as the acting chair of the SEC, as nominee Gary Gensler waits in the wings as a more permanent chair once he is confirmed by the Senate.

Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report.

The International Integrated Reporting Council has published its revised Integrated Reporting Framework, incorporating some major changes since the IR Framework was first published in 2013.

Prager Metis combines with Blair, Bohlé & Whitsitt; REDW joins with CPA Global Tax & Accounting; Somerset CPAs and Advisors adds Rowley & Company; and Fineman West merges in Katz & Associates.

The Association of Chartered Certified Accountants found the majority of accountants internationally believe they are in an inclusive profession, but nearly two-thirds think the profession still has an issue to deal with when it comes to diversity.

The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.

PricewaterhouseCoopers released an update Tuesday to its annual audit quality report for the firm, pointing to improvements on inspection results from the Public Company Accounting Oversight Board.

CPA firms will be in a great position to help their small business clients with the latest round of the Paycheck Protection Program, according to Barry Melancon.

The Institute of Internal Auditors is giving corporate America only a modestly better grade on governance in 2020 compared to 2019, and any improvement is probably due to the coronavirus pandemic.

The Internal Revenue Service plans to open filing season on Feb. 12, although it is making its Free File program available starting Friday.

The Internal Revenue Service’s Criminal Investigation Division issued a warning Thursday about a new wave of COVID-19 scams tied to the latest round of stimulus payments, especially targeting taxpayers in the District of Columbia.

Last month's COVID-19 relief bill has accountants recommending some deductions to clients, and wondering about the applicability of others.

Sen. Ron Wyden, D-Oregon, who is chairing the Senate Finance Committee now that Democrats have won control of the Senate, described some of his policy priorities, including the tax area where his committee has oversight.

The U.S. Small Business Administration plans to reopen the Paycheck Protection Program to small lenders on Friday and to all lenders next Tuesday.

A majority of middle-market CFOs are predicting an economic recovery and revenue increases for their companies in 2021, according to a new survey by BDO USA.

Institute of Management Accountants president and CEO Jeff Thomson is predicting six major developments in the finance and accounting profession this year.

Sagar Teotia, chief accountant at the Securities and Exchange Commission, plans to leave the SEC at the end of February.

Anthony Pugliese will succeed the longtime leader of the Institute of Internal Auditors, Richard Chambers, at the end of March.

The new rule for defining an employee vs. an independent contractor is likely to be challenged in the incoming Biden administration.

Technical questions and answers offer non-authoritative guidance on the steps practitioners should follow.