Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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PricewaterhouseCoopers has settled with the Federal Deposit Insurance Corporation for $335 million over its audits of Colonial Bank, which failed in the midst of the financial crisis.
March 15 -
Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.
March 15 -
A pair of Republican and Democratic senators introduced bipartisan legislation to fix one of the technical problems in the Tax Cuts and Jobs Act.
March 15 -
PKF International has appointed James Hickey as the new CEO of the global network of independent accounting firms, effective March 19.
March 15 -
The board is giving companies an overview of some of the key areas it will be looking at during upcoming audit firm inspections.
March 14 -
The Treasury Department finalized the repeal Thursday of 296 obsolete or duplicative tax regulations in response to President Trump’s executive orders.
March 14 -
The American Institute of CPAs has named Angela Newell, a national assurance partner at BDO USA’s Dallas office, as the new chair of the AICPA’s Financial Reporting Executive Committee, succeeding Crowe partner Jim Dolinar.
March 14 -
Vaibhav Taneja, Tesla’s current corporate comptroller, is taking over as the electric car maker’s new chief accounting officer Thursday and is reporting to recently named Chief Financial Officer Zach Kirkhorn.
March 14 -
Rep. Lloyd Doggett of Texas and Senator Sheldon Whitehouse of Rhode Island introduced a pair of bills aimed at stopping corporations from using offshore tax havens and outsourcing jobs to other countries.
March 13 -
Surveys released this week reveal lingering uncertainty about the new tax law.
March 13 -
Reps. Terri Sewell, D-Ala., and Tom Reed, R-N.Y., and Senators Ben Cardin, D-Md., and Roy Blunt, R-Mo., have introduced bipartisan legislation to make the New Markets Tax Credit permanent, in an effort to encourage private investment in low-income rural communities and urban neighborhoods.
March 13 -
The Internal Revenue Service has indefinitely extended a pilot program for private letter rulings for corporate taxpayers.
March 12 -
Seventy-six percent of internal audit groups are undertaking some form of innovation, but only 31 percent have a roadmap in place.
March 12 -
The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.
March 12 -
Deloitte’s U.S. firm has elected Joseph Ucuzoglu to succeed Cathy Engelbert, and Janet Foutty as its new chair, succeeding Mike Fucci.
March 12 -
The two were found guilty of sharing confidential materials ahead of a planned inspection of the Big Four auditing firm.
March 11 -
The fast-growing practice management and tax software company laid off over 40 percent of its staff over the weekend.
March 11 -
The relief is conditioned on the partnerships providing the missing information in a separate schedule by March 15, 2020.
March 11 -
Richard Chambers, president and CEO of the Institute of Internal Auditors, has produced an updated edition of his memoir and advice book, “The Speed of Risk: Lessons Learned on the Audit Trail, 2nd Edition.”
March 11 -
Truth in Accounting wants pension and retirement benefit costs included in state and local government reporting.
March 8
