Michael Cohn

The Financial Accounting Standards Board and the International Accounting Standards Board have delayed the effective date of their converged revenue recognition standard for a year, but companies are going to need the extra time to get their systems adjusted.

The Department of Justice has closed its investigation of the scandal over applications for tax-exempt status by political groups and decided not to file criminal charges.

The Internal Revenue Service is cautioning tax preparers that they are prime targets for identity thieves who are looking for data to use when filing fraudulent tax returns.

McGladrey LLP has changed its name to RSM US LLP and launched a national advertising campaign to promote the new brand.

Deloitte recently formed a Social Impact Practice to help clients deal with pressing global issues such as food security, health, education, clean water and the environment.

Education services company Kaplan Inc. a subsidiary of publicly traded Graham Holdings, has agreed to acquire SmartPros, Ltd., a provider of accredited professional education and training for accountants and other finance professionals.

The Internal Revenue Service recently proposed regulations that could have a big impact on U.S.-based multinational corporations that are considering incorporating a foreign branch operation or transferring intellectual property abroad.

The Securities and Exchange Commission reported Thursday on its enforcement results in fiscal year 2015, highlighting several cases involving accounting and auditing lapses.

Magician David Copperfield has sued his accountant for failing to file his 2008 and 2009 Canadian tax returns and not telling him his previous accountant didn’t file his 2007 Canadian tax return either.

The Internal Revenue Service has been providing face-to-face assistance to fewer people at its Taxpayer Assistance Centers around the country, according to a new government report.

The governing council of the American Institute of CPAs voted at its Fall Meeting of Council in Maui, Hawaii on Wednesday to approve a resolution authorizing an additional pathway to the Charted Global Management Accountant designation in the U.S., and officially elected Tim Christen of Baker Tilly Virchow Krause LLP as its new chairman.

The Treasury Department and the Internal Revenue Service proposed tax regulations Wednesday to bring the rules in line with recent Supreme Court decisions.

The Internal Revenue Service released its annual update Wednesday on the cost of living adjustments for pension plans and retirement plans for next year, along with the amounts of standard deductions and other tax benefits.

ADP reported a pickup in wage growth for the private sector during the third quarter of the year, especially among younger workers switching jobs.

The impact of the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting action plan is still unclear, but tax executives are planning ahead for changes on the international tax front.

Whitinger & Company LLC has signed an agreement to merge in Merrill Greene, CPA’s firm, Greene Inc., effective Nov. 1, 2015.

Internal auditors with advanced levels of education, training and certification are seeing bigger salaries, according to a new survey.

The Internal Revenue Service met with a group of state tax administrators and tax industry leaders Tuesday to discuss additional steps they are taking for next tax season to strengthen safeguards against identity theft and tax refund fraud.

The Anti-Fraud Collaboration introduced a free set of online self-study courses Tuesday for corporate ethics training that can provide continuing professional education credit.

Deloitte’s Canadian firm has signed an agreement to acquire Asset Performance Group, a consulting firm in Burlington, Ontario and Calgary, Alberta that specializes in making sure physical assets such as oil and gas equipment function reliably.