Michael Cohn

The American Institute of CPAs has sent a set of recommendations to the Internal Revenue Service and the Treasury Department about the impact of last December’s tax code overhaul on accounting method changes for small businesses.

Ernst & Young has acquired cryptocurrency technology and patents from Elevated Consciousness, a San Francisco-based startup that focuses on digital currency.

The Internal Revenue Service needs to strengthen its taxpayer authentication efforts to combat identity theft, according to a new report from the Government Accountability Office.

A group of prominent accounting firm advisors has banded together to create the CPA Firm Best Practices Network with the goal of helping firms reach a higher level of performance.

The Top 100 Firm has expanded its footprint to the South Central region of the U.S. by adding a Houston-based firm, effective July 1.

The Financial Accounting Standards Board released a set of mostly minor revisions and technical corrections to the lease accounting standard.

The International Federation of Accountants and the International Bar Association are partnering on an initiative to combat corruption, ahead of the gathering of global leaders at the G20 summit in Buenos Aires later this year.

A closely divided Senate Finance Committee advanced the nominee for the next Internal Revenue Service commissioner, Charles Rettig, by a vote of 14 to 13, but he awaits a vote by the full Senate.

Three firm leaders shared their challenges and the new trends they are facing.

The National Association of State Boards of Accountancy and the American Institute of CPAs’ U.S. International Qualifications Appraisal Board have signed a mutual recognition agreement with CPA Australia.

The Government Accountability Office has updated its auditing standards guide.

Top 100 Firm CLA has added a Charlotte, N.C.-based consultancy.

Erkki Liikanen, a former governor of the Finnish Central Bank, has been named chair of the IFRS Foundation trustees, the group that oversees the International Accounting Standards Board and the International Financial Reporting Standards they develop.

The International Federation of Accountants has released an updated reference.

The Finance Committee is expected to approve Trump’s nomination of a tax attorney as the next head of the Internal Revenue Service.

Companies that refer to trade secrets in their Form 10-K annual reports are at greater risk of cyberattacks from criminals who are intent on uncovering them, according to a team of accounting researchers.

More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs.

The California Society of CPAs marked a milestone Monday, with chairman Lewis Sharpstone saying the organization now has 45,000 members, making it the biggest state CPA society in the country.

Axiom, a provider of legal contract technology, has introduced the Contracts Intelligence Platform for Lease Accounting to help organizations uncover embedded leases that are subject to the new lease accounting standard.

The Sustainability Accounting Standards Board held its first board meeting under its new leadership this week to discuss progress on its provisional standards, with an eye to releasing them in the fall.