Michael Cohn

North American employees and managers are missing out on more than $10.7 billion of unclaimed expenses every year, according to new estimates.

The Internal Revenue Service plans to make improvements in the way it assists victims of tax-related identity theft after a new government report says further improvements are needed.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve the effectiveness of the disclosure requirements for fair value measurements.

CliftonLarsonAllen has merged in its third firm so far this week, announcing that Gottlieb, Flekier & Co., P.A. in Overland Park, Kan., has joined CLA, effective Dec. 1, 2015.

The Internal Revenue Service’s Criminal Investigation unit released its annual report Thursday, as the group contends with a shrinking budget and recent controversy over its use of cell phone tracking technology.

PricewaterhouseCoopers has released a report on the firm’s efforts to improve audit quality.

Two Democrats in Congress have introduced a bill in the House and Senate to protect taxpayer rights and regulate tax preparers.

Grant Thornton has agreed to pay $4.5 million to settle charges that the firm and two of its partners disregarded red flags and fraud risks during audits of two publicly traded companies that ultimately faced SEC enforcement actions for improper accounting and other violations.

Private sector employers added 217,000 jobs in November, according to payroll giant ADP, as the economy continues to strengthen.

A pair of Republican lawmakers have introduced legislation to require professional tax preparers to undergo examinations, take annual continuing education classes and submit to a background check.

The House and Senate held hearings Tuesday on the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting action plan, also known as OECD BEPS, for combating tax avoidance by multinational corporations.

Congressional staff reportedly worked over the Thanksgiving weekend on negotiations over tax extenders, the dozens of expiring and already expired tax breaks that perennially occupy Washington just before the end of the year.

CliftonLarsonAllen announced a pair of mergers Tuesday, with Stanislawski & Harrison CPAs in Pasadena and Titus in Milwaukee and Chicago.

Paychex found a small uptick in employment growth among small businesses in November.

The Sustainability Accounting Standards Board released an implementation guide Tuesday to help public companies in the U.S. identify, understand and report on the sustainability topics most likely to be material to investors.

A recent report from the Institute of Internal Auditors focuses on how internal auditors view the value they bring to their organizations, even while many of their organizations have no performance measures in place for the internal audit function.

Peterson, Peterson & Goss, LC, a CPA and advisory firm in Wichita, Kan., will join the regional CPA firm BKD LLP, effective Dec. 1, 2015.

The Internal Revenue Service’s whistleblower program is plagued by delays, vague procedures, overpayments and underpayments, according to a new government report.

Wesley Snipes, the actor who fought an unsuccessful battle against the Internal Revenue Service over his unpaid taxes and ultimately served a nearly three-year prison term, is now in a fresh dispute with the agency.

The National Society of Accountants is offering some year-end tax tips for businesses, courtesy of Wolters Kluwer Tax & Accounting US.