Michael Cohn

Public companies in the U.S. recorded $57 billion in goodwill impairment last year, more than double the amount of impairment they recorded the previous year, according to a new study.

The Financial Accounting Foundation's Board of Trustees has voted to restructure several of its own committees, along with oversight of the Private Company Council, disbanding the Private Company Review Committee that has been overseeing it.

Finance executives are getting ready for the incoming Trump administration with a multitude of changes expected on the regulatory side while also dealing with all the new accounting standards rolling out in the next few years.

The Financial Accounting Foundation’s board of trustees has reappointed Russell G. Golden to a second term as chairman of the Financial Accounting Standards Board and named two new members: Marsha L. Hunt, vice president and corporate controller at Cummins Inc., and Harold L. Monk Jr., a partner at the accounting firm Carr, Riggs & Ingram LLC.

The Financial Accounting Standards Board is planning to welcome new board members as the terms of several of its members end next year.

Deloitte CEO Cathy Engelbert discussed how auditing firms can use advanced technologies such as artificial intelligence, data analytics and even drones to make audits more efficient.

Roger Philipp, the founder of the Roger CPA Review, has an event in his past that few of the thousands of CPA candidates who have taken his exam prep courses probably knew about: he once appeared on “The Dating Game.”

Weyrich, Cronin and Sorra is adding Greenberg Ettlin & Associates, extending WC&S’s presence in Maryland’s Cecil County.

The Internal Revenue Service has removed a rule requiring that a discharge of indebtedness for which a Form 1099–C, ‘‘Cancellation of Debt,’’ must be filed occurs when a 36-month non-payment testing period expires.

Wolters Kluwer Tax & Accounting has written a special post-election tax briefing on the tax law changes that could occur when Donald Trump takes office next year. The changes could be yuuge.

WeiserMazars LLP has merged in Integrity Consulting Solutions LLC, a management and technology consulting firm based in Frederick, Md., effective Sept. 1, 2016.

BDO USA LLP has expanded into Jacksonville, Florida, by adding the LBA Group, the firm’s ninth location in the Sunshine State.

The IRS does not have enough controls in place to make sure U.S. manufacturers are properly claiming the Domestic Production Activities Deduction on their tax returns, according to a new report.

The International Federation of Accountants has released a report describing how the accounting profession can help the United Nations achieve its sustainable development goals.

Accounting firm Marcum LLP has released its 2016 Year-End Tax Guide.

The Internal Revenue Service is opening up its detailed tax data to researchers outside the federal government who can make use of the information in their studies.

The Internal Revenue Service needs to do more to ensure taxpayers aren’t using virtual currencies like bitcoin to avoid taxes, according to a new report.

The Internal Revenue Service didn’t do enough to mitigate risks in some of its information technology contracts, according to a new report.

The Financial Accounting Standards Board has issued a proposed accounting standards update for service concession arrangements, focused on determining the customer of the operation services.

The Financial Accounting Standards Board is refining the role of its Investor Advisory Committee to bring more of an investor perspective to the accounting standard-setting process.