Michael Cohn

The American Institute of CPAs has introduced Not-for-Profit (NFP) Certificate II, offering a second level of certification for CPAs who service or work for nonprofit organizations.

A pair of reports released Wednesday highlight the impact of yearly budget cuts on the Internal Revenue Service’s activities.

The Financial Accounting Foundation's board of trustees has decided to overhaul some of the procedures for the Private Company Council, which provides input to the Financial Accounting Standards Board on issues relating to privately held companies.

The Internal Revenue Service is taking a closer look at professional employer organizations to implement a recent law.

Securities and Exchange Commission chief accountant James Schnurr indicated Tuesday that he plans to recommend to SEC chair Mary Jo White that U.S. companies be allowed to use International Financial Reporting Standards to provide supplemental information, in addition to filing their financials in accordance with U.S. GAAP.

World leaders threw their weight behind a set of tax reforms for multinational corporations during a meeting in Turkey this week, endorsing the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting, or BEPS, action plan.

Chicago-area accounting firm Porte Brown LLC has merged in Alliant Advisors, effective Nov. 1, 2015.

Companies are taking steps on their own to make their financial reports and disclosures more understandable, according to a new report.

Accounting and consulting firm MarksNelson has acquired Overland Park, Kan.-based Marsh & Company.

PricewaterhouseCoopers has been working on ways to soup up its audit practice by leveraging data analytics technology.

Dent K. Burk Associates, P.C. and Hodges, Jones & Mabry, P.C. have joined the accounting firm of Brown, Edwards & Company, L.L.P., effective Nov. 1, 2015.

Financial Accounting Standards Board chairman Russell Golden and technical director Susan Cosper discussed FASB’s upcoming leasing, classification, impairment and hedge accounting standards during a conference in New York, along with the board’s plans for future standards.

Anton Collins Mitchell LLP, based in Denver, is expanding to Laramie, Wyo., by merging in Mader Tschacher Peterson and Co., LLC, effective Jan. 1, 2016.

Indiana accounting firms Katz, Sapper & Miller and Krouse, Kern & Co., are joining forces.

BDO USA LLP has expanded the firm’s San Diego-area practice by adding CEA LLP in Carlsbad, Calif.

The Internal Revenue Service did not maintain effective internal control over financial reporting as of Sept. 30, 2015, because of a continuing material weakness in internal control over unpaid tax assessments, according to a new report from the Government Accountability Office.

The Internal Revenue Service is making yearly adjustments to W-2 and 1099 forms, while adding brand new 1095 forms related to the Affordable Care Act to the list of required forms for filers this year.

Optimism about the nation’s economic outlook among U.S. business leaders rose in the third quarter, according to a new report from Grant Thornton.

The Financial Accounting Standards Board has issued a proposed accounting standards update to increase transparency about government assistance to businesses.

Regional accounting firm Rogoff & Company has merged in the CPA practice of Ira Rubin in New York City, effective Nov. 1, 2015.