Michael Cohn

Rising profits and increased disruption increased the use of consultants in Canada’s financial services sector, with much of the revenue going to the Big Four accounting firms, according to a new report.

Organizations are emphasizing hiring of technology employees in accounting and finance.

Senate Minority Leader Charles Schumer, D-N.Y., is urging the Internal Revenue Service to back down on threats to challenge New York State’s efforts to allow taxpayers to circumvent the limits on state and local tax deductions in the federal tax overhaul.

The California Society of CPAs elected Eileen Pastenieks as president of its Education Foundation for 2018-19 during its annual members meeting in Los Angeles, where the group also heard from Lewis Sharpstone, the chair of CalCPA for 2018-19.

The American Institute of CPAs is teaming up with the U.S. Small Business Administration to help CPAs and their small business clients get relief from regulatory burdens.

The Senate Finance Committee plans to hold a confirmation hearing next Thursday for the nominee for Internal Revenue Service commissioner, Charles “Chuck” Rettig, a Beverly Hills tax attorney.

The National Association of Black Accountants held its 49th annual NABA Convention and Expo, bringing together more than 2,000 accounting professionals.

The Governmental Accounting Standards Board has issued guidance outlining the accounting requirements for interest costs incurred before the end of a construction period.

The Institute of Management Accountants handed out a series of awards during its annual conference this week in Indianapolis.

A group of CPAs has written an open letter to the American Institute of CPAs expressing opposition to the AICPA’s move to open up its Accredited in Business Valuation credential to non-CPAs.

Wolters Kluwer Tax & Accounting is leveraging Microsoft’s Cortana voice assistant to add voice-enabled search to its CCH AnswerConnect tax research product.

The new guidance provides a stronger framework for deciding whether a contribution is conditional or unconditional.

The short form would fulfill one of the promises of last December’s tax overhaul.

An ex-employee with the Criminal Investigation unit was found guilty of obstruction of justice and stealing government money.

The changing revenue recognition and leasing rules are prompting various strategies to deal with them.

Bloomberg Tax has introduced an ASC 606 solution for its Advantage tax management system to help companies comply with the new revenue recognition standard.

The Financial Accounting Standards Board hopes to improve the financial reporting for stock compensation.

Wesley Bricker, chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, told attendees at the Institute of Management Accountants’ annual conference in Indianapolis on Tuesday about the vital role he sees them playing in financial reporting.

The Institute of Management Accountants wants to educate its members about the changing skills expected of corporate finance leaders with a new Competency Framework and a series of chair people ready to take the lead as the organization marks its centennial.