Michael Cohn

The Public Company Accounting Oversight Board has approved a reduced budget for fiscal year 2018 of approximately $259.9 million along with a strategic plan for 2017-2021, plus a smaller accounting support fee and staff.

U.S. public companies recorded $28.5 billion in goodwill impairment in 2016, half the $56.9 billion they reported in 2015, according to a new study.

Experts from PwC parse the differences between the tax reform bills on the treatment of pass-through businesses.

Differences with the as-yet-unpassed Senate bill need to be reconciled.

The House passed tax reform legislation Thursday by a vote of 227-205, with 13 Republicans voting against the bill, as the Senate Finance Committee continued debating and marking up a significantly different version of the bill.

The Anti-Fraud Collaboration, a joint effort of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report urging accountants, auditors and other business people to blow the whistle on any financial reporting shenanigans they see.

Marks Paneth LLP, a New York-based Top 100 Firm, has expanded to Connecticut by adding Dylewsky, Goldberg & Brenner, a firm based in Stamford, effective No. 1, 2017.

Steven Zelin, a New York City-based CPA who performs music as the “Singing CPA,” is merging his firm, Steven Zelin CPA LLC, with Newman & Cohen, CPA, P.C., effective Thursday.

The upcoming revenue recognition standard is likely to accelerate the earnings of many software companies, with many developers likely to transition from upfront license sales to subscriptions, according to a new report.

A federal jury in Boston has convicted a Miami CPA on multiple counts of tax fraud and obstructing the Internal Revenue Service, but he is vowing to appeal.

The Financial Accounting Foundation has reappointed James L. Kroeker to a second term as vice chairman of the Financial Accounting Standards Board and appointed Gary R. Buesser, a portfolio manager and financial analyst, as a new FASB member, starting July 1, 2018.

Many businesses are still getting ready for the new revenue recognition and leasing standards, and in some cases that involves changing their technology and processes.

The major firms are leveraging the latest tools to make the auditing process more efficient.

The Securities and Exchange Commission is taking a close look at the trend toward blockchain technology, including the burgeoning investments in bitcoin and initial coin offerings.

The Top 100 Firm is expanding in western New York with its latest deal.

Increases in audit fees paid by public companies aren’t necessarily producing better audit quality, according to a new report.

The American Institute of CPAs is reacting to Senate Republicans’ tax reform plan with its own set of priorities.

The Public Company Accounting Oversight Board is finding many of the same problems at auditing firms during its most recent inspections that it has admonished firms for in the past, according to a new report.

Carr, Riggs & Ingram, a Top 100 Firm that has mostly operated in the Southeast, is expanding to New Mexico and Texas by merging in RPC CPAs + Consultants, LLP, New Mexico’s largest CPA firm.

The Governmental Accounting Standards Board proposed guidance Thursday to clarify how to account for a state or local government’s majority equity interest in organizations that stay legally separate after the acquisition, such as a public hospital buying a rehabilitation center that remains legally separate.