Michael Cohn

The deadline is approaching next year for public companies to begin using the new revenue recognition standard, and many not-for-profits may find themselves confronting the new standard a lot sooner than they had expected.

The Internal Revenue Service has not been able to upgrade its online e-Services applications to a more secure authentication method, the IRS admitted Friday.

The Justice Department is settling lawsuits with Tea Party and conservative groups that had sued the Internal Revenue Service over delays in granting them tax-exempt status, and Attorney General Jeff Sessions said the IRS should apologize to the groups.

Eide Bailly LLP is extending its reach to Texas, adding Davis Kinard & Co, PC, a firm with offices in Abilene, Haskell, Plainview and Seymour, effective Dec. 4, 2017.

President Donald Trump announced Thursday his intention to designate Assistant Secretary of the Treasury for Tax Policy David Kautter as acting commissioner of the Internal Revenue Service.

The number of audit deficiencies tied to fair value measurements is still high, but declined for the second year in a row, according to a new analysis of Public Company Accounting Oversight Board inspection reports on auditing firms.

The American Institute of CPAs has sent its tax reform wish list to the half dozen Republicans who are leading a rewrite of the tax code.

The confidence of U.S. investors in the U.S. capital markets reached a record high this year, according to an annual survey by the Center for Audit Quality, with high confidence expressed in auditors and audited financial statements.

The American Institute of CPAs has named BKD CPAs & Advisors chief operating officer Eric Hansen as the next chairman.

Squar Milner LLP is merging in Loomis & Co. CPAs, expanding the Newport Beach, Calif.-based Top 100 Firm’s footprint to Silicon Valley, effective Nov. 1, 2017.

RKL, a Top 100 Firm, is adding Padden, Guerrini & Associates, a firm in Mechanicsburg, Pa., effective Jan. 1, 2018.

Firms are combining in New Jersey and Connecticut.

The Securities and Exchange Commission gave its approval Monday to the Public Company Accounting Oversight Board’s new standard for an enhanced audit report.

The Internal Revenue Service needs to improve the way it deals with erroneous claims for refundable tax credits such as the Earned Income Tax Credit, according to a new report.

The best-performing companies tightly integrate various components of financial planning and analysis, focusing on some key metrics to drive their financial results, according to a new report.

Grant Thornton CEO Mike McGuire is moving his firm to become a more streamlined organization better able to respond to technological change than the Big Four, similar to the way Tesla has challenged the Big Three automakers.

The Big Four firm plans to begin offering auditing technology next week to smaller accounting firms through a new venture.

She will be one of three women currently leading one of the 25 largest accounting firms.

The Internal Revenue Service issued the annual cost of living adjustments Thursday for 401(k) contributions, pension plans and other retirement-related matters.

The recent string of devastating hurricanes and wildfires in the U.S. and its territories has prompted questions about financial reporting by companies striving to recover from natural disasters while wrestling with their insurance companies over damage claims.