Michael Cohn

Officials with the Securities and Exchange Commission are keeping a close watch on how companies are adjusting to the new revenue recognition and leasing standards.

The Public Company Accounting Oversight Board has released staff guidance on the new audit reporting standard and is hosting webinars to help auditors with preparing the new reports.

CBIZ and Mayer Hoffman McCann have acquired McKay & Carnahan, Inc., a firm based in Newport Beach, Calif., effective Dec. 1, 2017.

Mark Kronforst, chief accountant of the Securities and Exchange Commission’s Division of Corporation Finance, plans to leave the SEC early next month.

Firms are combining forces in New York, California, Maryland and Virginia.

RSM International has launched RSM Canada, with 37 partners and nearly 300 professionals in Toronto, with plans to extend its reach across the country.

As if the Republican tax reform plan wasn’t bad enough already for taxpayers, the latest scheme to win over more votes of a precarious Senate majority involves adding a “trigger” to raise certain taxes if there isn’t enough economic growth to cover the $1.4 trillion cost of the bill, though the Senate's parliamentarian appears to have just shot down that proposal.

The Internal Revenue Service has issued a notice providing more time for partnerships, real estate mortgage investment conduits and some other types of businesses to file their returns.

Share prices continue to decline steeply after public companies file for an extension with the Securities and Exchange Commission on their financial statements, according to a new academic study.

The American Institute of CPAs’ Auditing Standards Board has released three exposure drafts proposing ways to improve the usefulness of the auditor’s report, in response to recent standards from the Public Company Accounting Oversight Board and the International Auditing and Assurance Standards Board.

The American Institute of CPAs has almost finished the process of providing accounting guidance on industry-specific issues related to the new revenue recognition standard.

The Financial Accounting Standards Board decided during a meeting Wednesday to ease some of the implementation burdens and possible costs of the new lease accounting standard by making several adjustments and offering some practical expedients.

A new report from the Government Accountability Office suggests the Internal Revenue Service should increase its efforts to collaborate with the tax preparation industry and state tax authorities in the battle against identity theft and tax fraud.

Pace University’s Lubin School of Business held its second annual Pacesetters in Financial Reporting Conference in New York on Tuesday, presenting an award to Microsoft as a 2017 Pacesetter in Financial Reporting.

Firms are combining forces in Illinois and Iowa.

The amount of total assets under management in donor-advised funds grew 9.7 percent to more than $85 billion last year, as an 80-year-old vehicle for philanthropy and charitable giving continues to grow in popularity.

A majority of small business owners oppose the tax reform plans now being considered by Congress, according to a new survey.

A new revenue procedure provides a safe harbor allowing taxpayers to deduct costs for fixing deteriorating foundations.

The combination will create one of the biggest firms in California.

The Top 100 Firm is adding to its real estate service practice and opening an office in the Windy City.