Michael Cohn

More than half of organizations don’t have any budget set aside for fraud prevention or risks, according to a new survey by the Association of Certified Fraud Examiners.

The National Association of Black Accountants said Wednesday its president and CEO, Jina Etienne, has resigned.

Net fees at accounting firms grew at an average rate of 7.8 percent, according to the latest edition of the annual Rosenberg Survey, but the ages of partners seemed to trend downward slightly.

The Committee of Sponsoring Organizations of the Treadway Commission released a long-awaited update Wednesday to its ERM Framework: Enterprise Risk Management–Integrating with Strategy and Performance, the first since 2004.

The House unanimously approved a bill late Tuesday to discourage the Internal Revenue Service from using civil asset forfeitures to seize money and property from taxpayers.

Liberty Tax said Wednesday its board terminated founder John Hewitt as the tax preparation chain’s CEO on Tuesday.

The Financial Accounting Standards Board proposed a GAAP Financial Reporting Taxonomy and, for IFRS filers, a Shared Reporting Taxonomy on Tuesday, asking for public comments on the files.

The Internal Revenue Service said Tuesday it is giving special relief to support leave-based donation programs as a way of assisting victims of Hurricane Harvey.

WithumSmith+Brown expanded its presence in the Washington, D.C., area Tuesday after Bond Beebe, a firm based in Bethesda, Md., joined its practice.

Ernst & Young experienced strong global revenue growth in the fiscal year ending June 30, 2017, increasing 7.8 percent on a local currency basis since the previous fiscal year, reaching a total of $31.4 billion for its member firms around the world.

The Internal Revenue Service is giving some relief from penalties to partnerships that filed their 2016 tax returns too late this year.

TV host and science educator Bill Nye has filed suit against the Walt Disney Company over the accounting for profits on his old TV series “Bill Nye the Science Guy."

The Internal Revenue Service’s Criminal Investigation unit has reportedly been tapped by special counsel Robert Mueller’s office to help investigate financial ties between Donald Trump’s presidential campaign and Russia.

The American Institute of CPAs’ Accounting and Review Services Committee has published an exposure draft of a proposed standard on procedures for attestation engagements, while its Financial Reporting Executive Committee has issued working drafts of some of its industry-specific guidance for various industries.

The Internal Revenue Service’s Computer Security Incident Response Center is preventing some cybersecurity violations, but could use some improvements, according to a new report.

The staffing firm Robert Half has published its 2018 salary guides for different industries, including accounting and finance.

The revenue recognition standard that takes effect next year could help health care providers and regulators identify instances of Medicare and Medicaid fraud by subjecting their financial statements to new scrutiny, although in some ways the new rules could also spur some forms of fraud.

Business executives who are also CPAs cited the scarcity of skilled personnel as their top concern, according to a new survey by the American Institute of CPAs.

The Internal Revenue Service is planning a series of actions in the coming months to improve e-Services usability and security on the online apps.

The Financial Accounting Standards Board released its long-awaited hedge accounting standard this week, but companies may want to be careful about adopting it early, or else they could miss out on some one-time benefits.