Michael Cohn

More than 100 enrolled agents from nearly 40 states met with lawmakers in Congress to discuss some of the main issues affecting taxpayers and practitioners in an annual event organized by the National Association of Enrolled Agents.

The House Ways and Means Committee held a hearing Thursday to examine how tax reform will grow the economy and create jobs, even as the turmoil surrounding the Trump administration threatened the prospects for the first comprehensive tax overhaul in more than three decades.

The long-awaited IFRS 17 will provide more consistent treatment for all types of insurance in different countries.

The Financial Accounting Foundation’s board of trustees has named Jeffrey Previdi, a current member of the Governmental Accounting Standards Board, as vice chairman of GASB.

Three Republican lawmakers who chair key congressional committees and subcommittees related to tax policy have sent a letter to Internal Revenue Service Commissioner John Koskinen asking about the IRS’s recent efforts to gain more information about users of Coinbase, the largest Bitcoin exchange in the U.S.

The International Valuation Standards Council is asking for suggestions on future revisions to its International Valuation Standards.

The Center for Audit Quality and the American Accounting Association’s Auditing Section have picked three new academic research projects to support by giving researchers access to audit practitioners.

The Financial Accounting Standards Board has issued an accounting standards update for determining the customer of service concession arrangements.

H&R Block’s use of IBM’s Watson technology this past tax season is only one sign of the increasing involvement of artificial intelligence in tax preparation, with even Big Four firms like PricewaterhouseCoopers making major investments in AI for servicing their tax clients.

The American Institute of CPAs has sent a list of six tax regulations to Treasury Secretary Steven Mnuchin that it wants the Treasury Department to review under an executive order from President Trump calling for reducing overly burdensome tax regulations.

Many companies may be engaging in revenue management, along with earnings management, to meet or beat analyst expectations, particularly in the technology and health care industries, according to a new study.

The Governmental Accounting Standards Board has issued guidance for state and local governments to use when they extinguish debt before it matures.

President Trump has nominated David Kautter, partner-in-charge of the Washington National Tax practice of RSM US, as Assistant Secretary of the Treasury for Tax Policy.

The IFRS Foundation has signed a memorandum of understanding with the World Bank to help developing countries use International Financial Reporting Standards.

Grant Thornton International has named Peter Bodin, the former CEO of Grant Thornton Sweden, as CEO-elect, succeeding Edward Nusbaum, who will retire at the end of the year.

A California CPA has won a key ruling in a suit against the California Board of Accountancy claiming it is improperly enforcing a fingerprinting requirement.

PricewaterhouseCoopers’ firm in the United Kingdom was fined a record £5 million ($6.4 million) by the U.K.’s Financial Reporting Council for its audits of Connaught, a social housing maintenance business that collapsed in 2010.

The Financial Accounting Standards Board is asking for comments on how effective its U.S. GAAP Financial Reporting Taxonomy really is.

CPAs and their business clients and corporate tax departments need to consider different scenarios for the possible corporate tax reforms now being weighed in Congress.

The Sustainability Accounting Standards Board has overhauled its board structure, adding a nine-member SASB Standards Board, overseen by the SASB Foundation board of directors.