Michael Cohn

The Financial Accounting Standards Board and the Governmental Accounting Standards Board are both on the lookout for new chairmen, with the end of the term approaching next year for leaders of both FASB and GASB.

The firm is building its presence in the biotech space by buying a consultancy that services life sciences companies.

The Internal Revenue Service is having trouble dealing with the information it’s getting from foreign banks about U.S. taxpayer assets under the Foreign Account Tax Compliance Act because of problems with the data and various mismatches, according to a new government report.

Both public and private companies are struggling with implementing the new lease accounting standard, according to a new survey by Deloitte.

A pair of congressional representatives has introduced bipartisan legislation to discourage abuses of the conservation easement tax break.

Lawmakers are investigating reports that the president inflated or deflated amounts on his financials and used an unorthodox format dubbed a “Statement of Financial Conditions.”

The Internal Revenue Service issued guidance Friday on how to deal with state and local tax refunds in the context of the $10,000 limit on state and local tax deductions under the Tax Cuts and Jobs Act.

The International Integrated Reporting Council has posted a set of answers to frequently asked questions about integrated reporting and how it is transforming corporate reporting around the world.

House and Senate Republicans and Democrats teamed up to reintroduce bipartisan legislation to overhaul key aspects of the way the Internal Revenue Service operates.

The Regional Leader in the Southwest is adding a Las Vegas CPA firm that specializes in tribal gaming.

Tax reform, non-GAAP metrics and sustainability reporting are expected to be among the top shareholder concerns this spring at corporations’ annual general meetings, according to BDO USA.

The House Ways and Means Committee held its first hearing under Democratic control on the tax reform law.

Leaders of the Senate Finance Committee launched a probe into a tax scam that siphons billions of dollars away from the federal government.

Starting May 13, only individuals who already have a SSN or ITIN will be able to request an Employer Identification Number.

The provider of expense management auditing software is expanding into audits of supplier invoices and contract compliance using artificial intelligence.

The Internal Revenue Service needs to do a better job of managing its employees in the wake of budget cuts that have forced the IRS to severely reduce tax audits, or else it could be putting its mission at risk, according to a new report from the Government Accountability Office.

The institute also released guidance on auditing prior-period financial statements.

Bipartisan legislation would make a technical correction in the Tax Cuts and Jobs Act that has kept many stores and restaurants from renovating their facilities.

The final rules offer guidance on the penalty for failing to include information that’s supposed to be disclosed under the Small Business Jobs Act and how to calculate the amount.

The Financial Accounting Standards Board is proposing to make further changes in the income tax disclosure requirements for companies to make them more relevant to users of financial statements.