Michael Cohn

A pair of reports from the Government Accountability Office found serious problems with the Internal Revenue Service’s processes for determining which individuals and businesses should be audited.

President Obama proposed to expand tax cuts for low-income workers who don’t have children during his State of the Union address.

The Internal Revenue Service has released the first of a series of YouTube videos providing information on how taxpayers can protect their tax and financial data.

Members of the consulting firm Family Office Metrics have joined Ernst & Young LLP’s Family Office Advisory services team.

The International Accounting Standards Board issued the long-awaited lease accounting standard that it has been developing for over a decade with the Financial Accounting Standards Board, which is also expected to release its version of the standard early this year.

Swindoll, Janzen, Hawk & Loyd LLC, a firm based in McPherson, Kan., has acquired the Wichita office location of CBIZ MHM LLC.

Accounting and consulting firm Horne LLP has acquired the cybersecurity firm Halberd Group and established a new unit, Horne Cyber Solutions.

WithumSmith+Brown has released another fun dance and music video, an annual tradition at the firm, highlighting a new logo that emphasizes the Withum brand.

The Internal Revenue Service has issued correction procedures for employers who have paid benefits in excess of $130 per month in 2015 and wish to make corrections on their fourth quarter Form 941 in response to recent legislation.

Panalitix, an Australian developer of software tools for public accountants, has acquired 2020 Group USA, a membership and educational group for accounting firms founded by CPA consultant Chris Frederiksen.

The Center for Audit Quality issued a new report Tuesday describing some of the feedback it has received on the audit quality indicators it has been pilot testing with auditors and audit committees.

Rep. Tom Reed, R-N.Y., has proposed to require nonprofit colleges and universities to dedicate 25 percent of their annual endowment income to financial aid. If they don’t, they could lose their tax-exempt status.

The number of going concern opinions declined in 2014, but mainly because many of the companies identified as being in trouble by their auditors in previous years actually did go out of business.

Sassetti LLC has merged in Brennan & Brosnan LLC in Naperville, Ill., effective Jan. 1, 2016, expanding Sassetti’s accounting, auditing and tax practice in the suburbs of Chicago.

UHY Advisors has merged in MohnAllen P.C., doubling the firm’s size in the Maryland area.

Executives at mid-market companies are becoming more cautious about the economic outlook in the coming year, according to a new survey by Deloitte.

The wild swings in the financial markets this week due to the fallout from Chinese stocks could be prompting some anxious calls from investors to their CPA.

The International Auditing and Assurance Standards Board has finalized the changes in its standard for auditor reporting on special purpose financial statements.

The U.S. Bureau of Labor Statistics reported Friday that total nonfarm employment increased by a robust 292,000 jobs in December, although there was a loss of 4,900 jobs in accounting and bookkeeping services.

The Internal Revenue Service is giving educational institutions a pass if they fail to include the correct taxpayer identification number on a student’s tuition statement form.