Michael Cohn

The Internal Revenue Service provided additional information Tuesday to help corporate taxpayers deal with the new section 965 transition tax for repatriating foreign profits under the tax law that Congress passed in December.

The Internal Revenue Service said Tuesday it plans to close the 2014 Offshore Voluntary Disclosure Program on Sept. 28, 2018 and will start winding it down before that date.

Recent changes to international standards for audit reports have improved the quality of information that’s available to investors, and had a positive impact on wider elements of financial reporting, including governance and corporate reporting, according to a new report from the Association of Chartered Certified Accountants.

The Illinois CPA Society has some advice for taxpayers who are betting on the March Madness tournament and manage to win money on their picks for the brackets.

Fewer than four out of 10 taxpayers are happy with President Trump’s recent tax reform law, according to a new survey.

Foreign affiliates of KPMG, Deloitte & Touche and BDO have agreed to settle charges with the Securities and Exchange Commission for getting involved in audit work that circumvented the Public Company Accounting Oversight Board’s full oversight.

The International Forum of Independent Audit Regulators reported on issues with how firms are scrutinizing accounting estimates, testing internal controls, checking revenue recognition and more.

Internal auditors are getting more involved in technology initiatives like cybersecurity and data analytics, according to several new reports.

There may be some advantages, particularly for multinationals, with getting an early jump on FASB's changes in the hedging rules.

The U.S. Bureau of Labor Statistics reported Friday that employers added a better than expect 313,000 jobs in February, although the unemployment rate remained unchanged for the fifth month in a row at 4.1 percent.

When auditors push non-attest services, their clients’ financials tend to contain more errors, according to new research.

The National Society of Accountants wants the Internal Revenue Service to provide a six-month extension for businesses to opt to be treated as S corporations for this year, arguing the current deadline of March 15 is too soon to make a decision given the uncertainty surrounding the new tax law.

The Internal Revenue Service’s Office of Professional Responsibility is changing how it handles probes of practitioners who may have violated Circular 230 rules.

Taxes, cybersecurity, global trade and tariffs, and executive misconduct in the midst of the #MeToo movement are just some of the topics likely to come up at this year’s stockholder events, according to BDO USA.

The impact of the Tax Cuts and Jobs Act is beginning to be felt on hiring.

Diversity and inclusion efforts lag in some quarters, according to a new survey.

The Internal Revenue Service has tweaked some of its previously released brackets and limits.

Changes in the rules for like-kind exchanges may cause owners to reconsider swapping athletes.

Despite recent tax cuts and minimum wage increases, some companies may be slackening their hiring and raises.

The CPA Consultants’ Alliance made some changes in its officers and added new members, including a CPA Next group of up-and-comers.