Michael Cohn

Four more Staff Q&A documents deal with various financial accounting and reporting implementation issues.

Prager Metis CPAs LLC has combined with Cameo Wealth & Creative Management Inc., and the Asteri Group, Ltd., a pair of affiliated business management and accounting firms with offices in New York and California that focus on the entertainment industry, along with Smallfield Cody, a firm based in London that also caters to the entertainment field, the latest in a string of similar combinations for the firm.

Baker Tilly International reported Monday worldwide revenue grew 6.4 percent across its global network of accounting firms, reaching $3.4 billion by the end of last year.

The Securities and Exchange Commission charged six CPAs Monday who were former senior officials at KPMG and ex-staffers at the Public Company Accounting Oversight Board with participating in a scheme to misappropriate and misuse information on the PCAOB’s planned inspection of the Big Four firm.

Mike “The Situation” Sorrentino, a member of the cast of MTV’s reality series “Jersey Shore,” and his brother Marc Sorrentino, have pleaded guilty to federal tax charges.

The Treasury Department and the Internal Revenue Service have released a new notice giving multinational companies some extra guidance to help them calculate the “transition tax” on untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.

The Treasury Department updated its strategy for the Internal Revenue Service in advance of the failure of negotiations to keep the government open.

The Internal Revenue Service has revised the streamlined application form for groups that are applying for tax-exempt status.

A new notice will allow manufacturers, producers and importers to avoid the failure to deposit penalties, provided they meet certain requirements.

Financial institutions are getting ready for the Financial Accounting Standards Board’s new credit loss standard, though some are dragging their heels, even as the effective date approaches.

The Institute of Internal Auditors is updating its Certified Internal Auditor exam with more content on subjects such as cybersecurity and information technology.

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.

APEX CPAs & Consultants merges in Morrison & Associates; Smith Barta & Company joins Maloney + Novotny; A&M Taxand adds TRCG Advisors; Briggs & Veselka acquires William C. Love CPAs; and Ryan buys Retzloff.

Economic confidence in the U.S. rebounded strongly in the fourth quarter of last year, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Internal controls, the new lease accounting standard and cybersecurity are just some of the issues keeping financial executives up at night, according to a new survey by KPMG.

Bloomberg Tax and Paychex have updated their technology to take into account the sweeping changes in the Tax Cuts and Jobs Act.

The Internal Revenue Service is warning taxpayers who owe more than $51,000 in tax debts they could have their passport applications or renewals denied unless they pay up.

RSM reported its international network of accounting firms broke through the $5 billion mark in annual revenue globally.

Cherry Bekaert LLP, a Top 100 Firm, has expanded its state and local tax practice by acquiring Windward Tax LLC in Alpharetta, Ga., effective Dec. 31, 2017.

RubinBrown LLP, a Top 100 Firm, has merged in Goltermann & Associates, expanding the firm’s wealth advisory service in St. Louis, effective Jan. 1, 2018.