Michael Cohn

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.

An advocacy group for U.S. expatriates, American Citizens Abroad, is sounding the alarm about a provision in Congress’s highway funding bill that would revoke the passports of people who owe more than $50,000 in taxes.

Southern California accounting and consulting Squar Milner LLP is expanding its presence in the Encino neighborhood of Los Angeles by merging in Solomon, Winnett and Rosenfield, effective Jan. 1, 2016.

The accounting profession is strongly linked to national economic growth and improved living standards and is estimated to contribute $575 billion annually to the global economy, according to a new report.

Thomson Reuters has released PPC’s Practice Aids for Audits Performed under International Standards, providing audit programs, checklists, confirmations, and auditor’s reports for performing complex audits in accordance with International Standards on Auditing.

The partners of regional CPA firm Eide Bailly LLP have unanimously re-elected Dave Stende as managing partner/CEO and elected Laura Srisch and Brian Callahan as the newest members of the Eide Bailly board of directors.