Michael Cohn

The American Institute of CPAs’s Financial Reporting Committee released working drafts of two pieces of implementation guidance for the Financial Accounting Standards Board’s long-duration insurance contracts standard.

More than half of chief financial officers see the potential for a significant impact on their business operations, according to a new survey from PwC.

The National Society of Accountants, NCCPAP and the AICPA are asking the IRS and Treasury for tax relief during the pandemic.

More than half of compliance officers believe they don’t have enough resources to carry out their function adequately, and nearly a third say their auditing and monitoring process is insufficient, according to a new survey.

The service issued final regs to increase the OIC application fee to $205, while offering another way to waive the fee for low-income taxpayers based on their AGI.

The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.

The board's ASU offers temporary optional guidance to help with the accounting for reference rate reform.

The American Institute of CPAs has debuted SOC for Supply Chain, a risk management reporting framework that CPAs can use to provide assurance services as they face risks in their supply chain ranging from coronavirus to trade to other threats.

The president said he would allow individuals and businesses to “defer tax payments without interest or penalties” and he urged Congress to cut payroll taxes.

The states with the most tax-filing procrastinators are California and Nevada, while Las Vegas and Denver were the top cities for those who wait until the last minute, according to a new survey.

The deal will add more talent to the Top 100 Firm's digital practice.

Survey finds 37 percent of the taxpayers would move to a different country for a tax-free future, 26 percent would get an “IRS” tattoo and 19 percent would stop talking for six months.

The American Institute of CPAs updated its auditor reporting standards to conform them with recently issued auditing standards.

A new report recommends several approaches to help companies avoid malfeasance.

Sales tax rate changes declined slightly last year, but the trend of more new districts imposing taxes on online transactions continued in 2019.

The Financial Accounting Standards Board made some narrow improvements to different aspects of the financial instruments guidance, including the current expected credit losses standard.

The Internal Revenue Service is giving holders of foreign retirement trusts an exemption from some of the information reporting requirements, along with the abatement of penalties.

The proposal involves how to define the criteria for the component units in pension plans and deferred compensation plans for state and local government employees.

The American Institute of CPAs has submitted comments to the Internal Revenue Service and the Treasury Department asking them for more guidance on the qualified business income deduction in the Tax Cuts and Jobs Act.

CPAs who are also business executives are concerned about the potential global fallout from the outbreak.