Michael Cohn

The International Accounting Standards Board has some amendments to the standard after hearing complaints from insurers.

Nearly 400 companies transitioned to ASC 842 within the first six months of the effective date.

Officials at the Internal Revenue Service are looking to hire more employees to handle tax enforcement, compliance and administration of the tax code.

The board is looking for public companies to take part in a study focusing on potential improvements to the segment disclosure requirements.

The American Institute of CPAs’ Auditing Standards Board has issued a proposed standard on audit evidence to update an older standard and include new technologies such as data analytics and blockchain.

The House Ways and Means Committee unanimously approved a bill to allow same-sex couples who married before the Defense of Marriage Act was struck down by the Supreme Court to claim tax refunds.

Thirteen percent of organizations currently use AI or machine learning to combat fraud, and 25 percent expect to adopt such technology in the next year or two.

Many audit teams are neglecting to implement new technologies that could reduce the time needed for SOX audit requirements.

As more and more companies look to report on a wider range of measures, opportunities are arising for accountants.

Olson delivered what is likely to be her final public speech Friday before retiring at the end of July from nearly 19 years of running the Taxpayer Advocate Service.

The chief pointed to his own history as a tax attorney, while reminding tax pros that the IRS is watching from the compliance and enforcement side.

The standard-setter plans to offer accounting relief to companies that need to modify their contracts as banks move the global reference rates for loans and more.

Howitt led the group that has promoted integrated reporting for three years and promulgated the model worldwide.

A panel of experts discussed the future of the profession during the Institute of Management Accountants’ conference in San Diego.

The Financial Accounting Standards Board is considering giving privately held companies and not-for-profit organizations an extra two years to implement standards.

The Institute of Management Accountants inked a deal with the Conselho Regional de Contabilidade do Estado de São Paulo.

The Institute of Internal Auditors is asking for input on a proposed update to its widely used document.

The Governmental Accounting Standards Board released an implementation guide Monday with questions and answers explaining GASB’s recently issued standards on accounting and financial reporting for fiduciary activities.

The Securities and Exchange Commission charged the firm with changing some of its previous audit work and manipulating results of its internal training tests.

The Institute of Management Accountants is marking its centennial this week during its annual conference and expo in San Diego, California.