Michael Cohn

The Committee of Sponsoring Organizations of the Treadway Commission has released a new paper offering its views on how blockchain technology can be used with an organization’s internal controls over financial reporting.

The emergence of new coronavirus hotspots, especially in the South and West, had a major impact, according to a new report from payroll giant Paychex.

The six largest credit card issuers have set aside billions of dollars worth of reserves in response to the novel coronavirus as well as the adoption of the Financial Accounting Standards Board’s new credit losses standard.

The Internal Revenue Service has named James Lee as its new chief of the Criminal Investigation unit, starting Oct. 1.

Several unemployed workers described the difficulties they are facing to senators as congressional leaders continue negotiations.

The deal bolsters Marcum’s construction industry practice and its presence on Long Island.

The Financial Accounting Standards Board has released a new guide to a feature of Extensible Business Reporting Language known as extensible lists.

Rea & Associates, a Top 100 Firm based in New Philadelphia, Ohio, plans to add Kennedy Cottrell Richards, a firm based in Gahanna, Ohio.

The provider of payroll, benefits and human resources for small businesses, is rolling out a program for accountants who want to be certified in providing the company’s services to their clients.

The tax technology provider plans to use the extra capital to expand abroad and develop new sales and use tax software and services.

The service is implementing a new temporary procedure for faxing the duplicate copy of Form 3115 for companies applying for an automatic change in accounting method.

The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.

Democrats in Congress are criticizing how millions of economic impact payments authorized under the CARES Act are being handled.

The National Association of State Boards of Accountancy voted to approve the CPA Evolution model, which it has been developing with the American Institute of CPAs, in an effort to require more technology skills from CPAs to pass the Uniform CPA Examination and qualify for state CPA licenses.

More than half the companies that completed their first audits under the new standard needed to make an extra effort.

Stathis Gould, director of advocacy at the International Federation of Accountants, discusses how finance pros can provide more effective environmental, social and governance disclosures to stakeholders.

New regulations to help employers reconcile any advance payments of refundable employment tax credits and recapture the benefit of these credits when necessary, in line with the CARES Act and the Families First Act.

The Governmental Accounting Standards Board is proposing a set of improvements in how state and local governments report on their financial condition.

Deloitte is helping more of its clients leverage blockchain technology as it sees the distributed ledger technology gain increasing usage after years of experimentation with the technology.

The American Institute of CPAs reported Thursday that its Personal Financial Satisfaction Index declined 55 percent in the second quarter of the year, a level not seen since 2015, as the COVID-19 pandemic continued to ravage consumer finances.