Michael Cohn

Thomson Reuters has introduced Checkpoint Marketing for Firms Emerging Tax and Regulation Alerts to allow accounting firms to keep clients informed about new and proposed tax legislation and regulatory changes.

The Prince of Wales' Accounting for Sustainability Project (A4S) Chief Financial Officer Leadership Network has produced a new guide to help finance professionals consider social and human capital when making decisions.

A federal court in Minneapolis has found Wells Fargo liable for a 20 percent negligence penalty for participating in a tax shelter sold by Barclays Bank that generated $350 million in foreign tax credits.

Trustees of the IFRS Foundation met Thursday with Japan’s Financial Accounting Standards Foundation to issue a joint statement reaffirming a commitment to global accounting standards as more Japanese companies move to adopt International Financial Reporting Standards.

The Internal Revenue Service had to roll out a manual process last year to provide advance payments on Health Coverage Tax Credits every month to health plan administrators on behalf of displaced workers and retirees, but it mistakenly provided the tax credits for thousands of people who were old enough to qualify for Medicare.

The Public Company Accounting Oversight Board is planning to hold an open meeting next Thursday, June 1, to consider adopting a long-discussed set of changes to the auditor’s reporting model.

Top 100 firm Eide Bailly plans to add Roth & Co., a firm based in Des Moines, Iowa, effective June 26.

The Treasury Inspector General for Tax Administration has concerns about the Internal Revenue Service’s recently revived private debt collection program in light of the ongoing problem of scammers pretending to be IRS employees calling taxpayers to demand bogus tax debts be paid immediately.

The American Institute of CPAs’ Auditing Standards Board has released a new interpretation for practitioners performing attestations using more than one set of standards.

Postlethwaite & Netterville, a firm based in Baton Rouge, La., has selected one of its directors, Dan Gardiner, as its next CEO and managing director in May 2018, succeeding the current CEO, Bill Balhoff.

The Texas legislature has passed a bill granting an exemption to CPA firms allowing them to provide a limited amount of insurance services to clients without being subject to sales taxes.

The Trump administration’s budget blueprint for fiscal year 2018 would require a Social Security number for claiming either the Earned Income Tax Credit or the Child Tax Credit in an effort to deny the refundable tax credits to undocumented immigrants.

A private investigator in Baton Rouge, La., has been indicted for trying to use the Internal Revenue Service’s online data retrieval tool for student loan applications to access tax information from President Donald Trump.

The American Institute of CPAs observed a moment of silence at its Spring Meeting of Council in Washington, D.C., on Tuesday morning following the suicide bombing on Monday night at an Ariana Grande concert in Manchester, England.

The consulting arms of U.S. accounting firms grew by 10.2 percent to $21.5 billion in 2016, compared to growth of 7.1 percent to $58.7 billion in in the overall consulting market, according to a new report.

The American Institute of CPAs presented its budget and finances at its Spring Meeting of Council in Washington, D.C., on Monday as the organization undergoes a transformation into an international association with the Chartered Institute of Management Accountants.

KPMG LLP has begun construction on a $400 million, 55-acre facility for learning, development and technology innovation in Orlando, Florida.

American Institute of CPAs president and CEO Barry Melancon discussed the use of artificial intelligence, bots and other advanced technology, along with the future role of accountants, at the AICPA’s Spring Meeting of Council in Washington, D.C., on Monday.

The Internal Revenue Service is pilot testing a new program for conducting correspondence examinations of taxpayers using secure messaging technology that will also include their tax practitioners who have power of attorney.

The House Ways and Means Oversight Subcommittee held a hearing Friday featuring National Taxpayer Advocate Nina Olson to discuss how to improve operations at the Internal Revenue Service as Congress works on overhauling the tax code.