Michael Cohn

BDO said Thursday that worldwide revenue for all BDO network’s member firms (including members of BDO firm alliances) totaled $7.3 billion for the fiscal year ended Sept. 30, 2015, a 12.95 percent increase year over year, at constant exchange rates.

Henry & Horne, LLP has acquired Anderson, Church & Co. PLLC in Arizona, effective December 1.

The Public Company Accounting and Oversight Board is continuing to encounter resistance from Chinese authorities in its efforts to gain access to inspecting audit firms in China.

Securities and Exchange Commission chair Mary Jo White said the SEC is considering a recommendation from SEC chief accountant James Schnurr that would allow for the supplemental use of International Financial Reporting Standards by U.S. companies in addition to their U.S. GAAP financials.

Forty-eight percent of small and midsize businesses use one technology supplier for accepting payments, processing payroll, issuing invoices and doing their accounting, according to a new survey, while 34 percent use two or more suppliers for their financial technology.

The International Public Sector Accounting Standards Board has established a consultative group that will offer advice to the board on setting financial reporting standards for government entities.

The Internal Revenue Service has begun a new program, the Early Interaction Initiative, to more quickly identify employers who are falling behind on their payroll or employment taxes and help them get caught up on their payment and reporting responsibilities.

The Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, the Governmental Accounting Standards Board and the Private Company Council, has elected Charles H. Noski as its new chairman, succeeding Jeffrey J. Diermeier, whose term ends on December 31.

Nonprofits are expressing concern about proposed regulations from the Internal Revenue Service and the Treasury Department that could give charities the option of providing Social Security numbers of donors who contribute more than $250 to their organizations.

The American Institute of CPAs is objecting to a bill that was introduced in the House giving the Internal Revenue Service the statutory authority to regulate tax return preparers.

The Internal Revenue Service has extended its hold on certain tax refunds for returns filed by nonresident aliens and other foreign taxpayers on Form 1040NR beyond the usual 180-day limit in order to give extra scrutiny to the refund claims, leaving many undocumented immigrant workers waiting up to 360 days to get the tax refunds they filed this year.

Rager, Lehman & Houck, P.C., a regional accounting firm with offices in Pennsylvania and Maryland, has merged in Dallavalle & Co. P.A., a firm in Frederick, Md., effective Nov. 30, 2015.

CliftonLarsonAllen has announced its fourth merger since last week, combining with Accounting Management Solutions.

The Private Company Council is calling for the removal of the effective dates of four accounting standards updates.

Litigation against accounting firms appears to have subsided for now, according to one legal expert, but is showing signs of reviving as the Securities and Exchange Commission turns its attention back to accounting and audit enforcement cases.

Congress has passed highway-funding legislation that includes two tax provisions that would allow the State Department to revoke the passports of long-term tax delinquents who owe more than $50,000 in tax debts and revive a program requiring the IRS to hire private debt collection agencies.

The Internal Revenue Service is letting former students of a now-defunct for-profit college chain, Corinthian Colleges, to avoid including their forgiven student loan debts within gross income.

The U.S. Bureau of Labor Statistics reported that employers added a robust 211,000 jobs last month, beating analyst expectations and increasing the odds of the Federal Reserve raising interest rates.

A new international survey ranks Zurich, Switzerland as the highest-paying city for accountants, with another Swiss city, Geneva, in second place.

Accounting and consulting firm Dean Dorton Allen Ford, PLLC has expanded its presence in Kentucky by merging with Barr Anderson & Roberts, PSC, a CPA and advisory firm located in Lexington, Ky.