Michael Cohn

The Securities and Exchange Commission has approved rules from the Public Company Accounting Oversight Board to improve audit transparency by disclosing the names of audit engagement partners, along with information about other firms that participate in the audits.

The Financial Accounting Foundation has published updated print editions of the Financial Accounting Standards Board’s FASB Accounting Standards Codification and the Governmental Accounting Standards Board’s Codification of Governmental Accounting and Financial Reporting Standards.

Now that public companies are required to use Extensible Business Reporting Language, or XBRL, in their financial filings with the Securities and Exchange Commission, the SEC is trying to make sure the data is appropriate and not hiding accounting gimmicks.

QuickFee, a service that allows accounting firms to bill clients through an installment plan, has recently expanded into the U.S. from Australia and New Zealand, focusing on large accounting firm networks.

The Internal Revenue Service plans to stop notifying taxpayers by telephone when they are subject to an in-person field examination, in an effort to avoid confusion with phone scammers.

Mid-market corporations in the U.S. could lose up to $1 trillion in equity value if the ability to deduct interest expenses is eliminated, according to a new study.

A company called MorphoTrust USA plans to use selfies next tax season to help taxpayers avoid the risk of losing their tax refunds to identity thieves.

A bipartisan group of lawmakers in both the House and Senate are asking the Internal Revenue Service and the Treasury Department to remove the barriers to providing tax-exempt refinancing options for student debt.

Grant Thornton LLP has launched Grant Thornton Fixed Asset Services, combining its tax know-how with Bloomberg BNA’s fixed assets cloud-based software.

Wesley Bricker, deputy chief accountant with the Securities and Exchange Commission, is echoing concerns from other top SEC officials about the over-reliance on non-GAAP measures in financial reporting.

The U.S. Bureau of Labor Statistics reported Friday that total nonfarm payroll employment increased by a disappointing 160,000 jobs in April, although the unemployment rate remained unchanged at 5.0 percent.

The Internal Revenue Service has issued a notice and revenue procedure on requirements for investing in money market funds.

The Public Company Accounting Oversight Board is considering changes in its approach to audit firm inspections and enforcement, according to PCAOB board member Jeanette Franzel.

The Internal Revenue Service plans to hire an additional 600 to 700 more enforcement employees in an effort to increase its audit rate.

U.S.-based accounting and consulting firm association Allinial Global has signed a letter of intent to combine with a U.K.-based accounting and business advisory firms, IAPA International.

Legendary singer Dionne Warwick is slated to headline a gala for the New York State Society of CPAs’ Foundation for Accounting Education.

Camico, a CPA-led insurance provider for accountants, said Wednesday that it posted its sixth straight year of gains in policyholders’ surplus and net income, earning $1.7 million in net income for the year ended Dec. 31, 2015.

The Internal Revenue Service has released temporary and proposed regulations implementing a new voluntary certification program for professional employer organizations, or PEOs.

The Internal Revenue Service could be doing more to identify and examine taxpayers who may be deducting hobby losses to offset their actual income, according to a new report.

The Internal Revenue Service is changing its procedures for resolving issues with corporate taxpayers through pre-filing agreements while also increasing the fees.