Michael Cohn

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.

The Internal Revenue Service’s Large Business and International division is launching 11 more compliance campaigns looking at various ways to ensure companies are meeting their tax obligations.

Firms are joining forces in Texas, Michigan and Pennsylvania.

Cherry Bekaert LLP, a Top 100 Firm, is expanding its presence in the Washington, D.C., area by adding Berlin Ramos & Company PA, effective Nov. 1, 2017.

The Financial Accounting Standards Board’s new standard on accounting for credit losses will require some major changes for banks, particularly smaller ones, as well as many companies that provide loans.

Outgoing Internal Revenue Service Commissioner John Koskinen foresees problems with tax reform if major provisions apply to the current tax year and predicted the agency would need more funding from Congress to implement the legislation if it passes.

The Institute of Management Accountants is allying with the staffing company Robert Half to support the careers and professional development of accounting and finance professionals.

A new academic study casts doubt on the value of requirements for independent audit committee members in terms of corporate stock prices and financial restatements.

The Accountants Club of America marked its 90th anniversary with a gala dinner in New York on Thursday night.

The tax reform bill introduced by House Republicans doesn’t give the low 25 percent income tax rate for pass-through businesses to accounting firms and other professional service firms, and the rules for getting around it are complicated.

The Internal Revenue Service is warning taxpayers not to believe reports circulating on the internet about a start date for the 2018 tax filing season, insisting it has not yet chosen a start date, and is waiting to see what Congress does with tax legislation.