Michael Cohn

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.

Deloitte has acquired Acne, a Swedish creative agency that designs marketing and advertising campaigns for companies such as Ikea, H&M, Spotify, Telenor and Max in Europe.

The Internal Revenue Service could have collected over $1 million from federal contractors who owe back taxes if it included them in a special levy program, according to a new report.

The National Association of State Boards of Accountancy has produced a new infographic comparing the numbers for next Monday’s highly anticipated solar eclipse.

The co-creators and producers of the hit cable TV series “The Walking Dead” and “Fear the Walking Dead” have filed suit against AMC over the network’s calculation of profits in a case that could change the definition of “Hollywood accounting.”

Accounting and financial firms and business groups are sending comment letters to the Securities and Exchange Commission ahead of a deadline Friday for approving a new standard from the Public Company Accounting Oversight Board on expanding the scope of audit reports.

The Internal Revenue Service has seen a surge in recent years of taxpayers underpaying their estimated taxes and paying the penalty for it.

Senior finance professionals want to lower the corporate tax rate, capital gains taxes, and taxes on foreign income, while instituting a carbon emissions tax, according to a survey by the Institute of Management Accountants.

Atlas Tax Advisors is partnering with accounting firms on providing tax planning and wealth management services for clients.

Uber has updated its Uber for Business program with new expensing, billing and reporting features for corporate users of the ride-hailing app.

KPMG has agreed to pay more than $6.2 million to settle charges it failed to properly audit the financial statements of Miller Energy Resources, a Knoxville, Tenn.-based oil and gas company that settled accounting fraud charges last year, the Securities and Exchange Commission said Tuesday.