Michael Cohn

A recent academic study lends support to the Public Company Accounting Oversight Board’s regulatory oversight of auditing firms, suggesting it gives investors greater confidence in companies, in turn leading to more capital available to businesses.

Hilderbrand & Clark, a CPA firm based in San Ramon, Calif., disclosed it detected unauthorized access to its computer systems from abroad while filing tax returns.

Two Top 100 Firms, Moss Adams LLP and Hein & Associates LLP, have signed a letter of intent to combine forces, effective Nov. 1, 2017, in one of the biggest accounting firm M&A deals so far this year.

The Securities and Exchange Commission has released a staff accounting bulletin to conform its existing staff guidance to the new revenue recognition standard that takes effect for public companies at the end of the year.

The International Public Sector Accounting Standards Board is circulating some proposed revisions to its financial instruments standard for government entities to harmonize it with the International Accounting Standards Board’s financial instruments standard for businesses.

The American Institute of CPAs has sent a letter to the Internal Revenue Service with three recommendations on the accounting method change procedures for business taxpayers.

The U.S. Chamber of Commerce and a group of 27 other major corporations and business trade associations have sent a letter to the Securities and Exchange Commission urging the SEC not to finalize the Public Company Accounting Oversight Board’s proposed changes to audit reports.

The Institute of Management Accountants is partnering with ANEFAC, the National Association of Executives in Finance, Administration and Accounting, to support the international advancement of the management accounting profession in Brazil.

The Internal Revenue Service has prevailed in U.S. Tax Court in a case involving an Arizona jewelry store business that received a tax break by insuring itself for millions of dollars, in part against the risk of terrorism.

Many software companies, including Microsoft, could see significant changes in their revenue patterns with the rollout of the revenue recognition standard that takes effect at the end of the year, according to a new study.

The International Public Sector Accounting Standards Board is mulling new guidance on how the public sector should account for revenue and non-exchange expense transactions, such as the provision of education, health care and defense, in light of the revenue recognition standard.

MCM CPAs & Advisors has expanded into Indianapolis by combining with K.B. Parrish & Co. LLP, effective August 1.

The Internal Revenue Service revoked an unidentified hospital’s tax exemption in February for failing to conduct a community health needs assessment, in a sign of possible trouble for other nonprofit health care organizations.

International Federation of Accountants CEO Fayezul Choudhury is bringing the influence of accountants to the fore to help solve problems around the world.

Thomson Reuters has issued PPC’s Guide to Revenue Recognition, a new publication providing guidance to accountants and their clients on the Financial Accounting Standards Board’s new revenue recognition standard.

The American Institute of CPAs has extended the comment period for its proposed standard for ERISA plan audits for another 150 days.

The Public Company Accounting Oversight Board released a report Friday calling attention to high deficiencies among auditors of brokers and dealers.

KPMG chairman and CEO Lynne Doughtie, Ernst & Young chairman and CEO Mark Weinberger, and PricewaterhouseCoopers U.S. chairman and senior partner Tim Ryan are weighing in on the protests in Charlottesville, Va., last weekend, denouncing the bigotry and hatred on display.

A group of five Republican members on the tax-writing House Ways and Means Committee wrote a letter Thursday to Internal Revenue Service commissioner John Koskinen urging the IRS to stop rehiring former employees who had previous conduct or performance issues.

The Internal Revenue Service spent the extra $290 million appropriated by Congress last year to improve taxpayer service and cybersecurity and safeguard against identity theft, according to a new report.