Michael Cohn

Sen. Charles Schumer, D-N.Y., is urging Congress to exempt Olympic medalists from taxes on their medals and monetary bonuses.

The American Accounting Association’s Auditing Section has introduced a database summarizing research papers on auditing that were published in seven academic journals.

A former Internal Revenue Service employee was sentenced Wednesday to nine years and two months in jail for leading a $1 million identity theft scheme that ensnared hundreds of taxpayers.

The Internal Revenue Service is sounding the alarm about a new scheme in which scammers send emails purporting to come from tax software companies, instead fooling tax preparers into clicking on a link that will load malware on their computers.

The Center for Audit Quality and the American Accounting Association have expanded their Access to Audit Personnel program for connecting academic researchers with auditors.

The Financial Accounting Standards Board has released an exposure draft proposing changes in its conceptual framework related to how items are presented in a financial statement.

Internal audit departments are making greater use of innovative technologies such as data visualization, according to a new report.

The Internal Revenue Service is recommending tax professionals monitor their Preparer Tax Identification Numbers for signs of suspicious activity.

Grant Thornton’s new chief operating officer, Jim Brady, plans to execute the firm’s strategy and expand its presence in advisory services such as cybersecurity and strategic consulting.

Privately held companies are scaling back their hiring plans, according to a survey from PricewaterhouseCoopers, partly due to fretfulness over the presidential election.

The Internal Revenue Service has issued a revenue procedure saying a charitable remainder annuity trust that includes a sample provision in its governing agreement won’t be subject to a test that could disqualify it.

Thomson Reuters has added content to its Checkpoint Catalyst tax and accounting research service on passive foreign investment companies and sales and use tax exemptions for manufacturers.

The Financial Accounting Standards Board is asking for feedback on its future agenda.

The Sustainability Accounting Standards Board is seeing more desire from investors for improved sustainability reporting, as evidenced by a wave of comment letters to the Securities and Exchange Commission.

The financial information company Sageworks has once again ranked accounting as the most profitable industry this year.

A federal judge in New York has refused to dismiss a $1 billion lawsuit against PricewaterhouseCoopers over its audits of the bankrupt investment firm MF Global.

Wipfli LLP has merged in the health care consulting firm HFS Consultants, including HFS’s marketing division, the Placemaking Group, effective August 1.

The Internal Revenue Service is making some important changes in the Individual Taxpayer Identification Number program that will require many ITIN holders to renew their numbers under a law passed by Congress last December.

BDO USA LLP has added Goldstein Schechter Koch, expanding the firm’s presence in South Florida in the latest of a string of mergers across the country.

It's not exactly as addictive as the first season of NPR's "Serial," but that's OK. Sageworks has premiered a three-part podcast series on how to grow an accounting firm.