Michael Cohn

The Internal Revenue Service said it will not assert that an individual whose personal information may have been compromised in a data breach must include in gross income the value of the identity protection services provided by the organization that experienced the data breach.

More than 75 percent of accounting firms cited revenue growth as the primary purpose of their marketing efforts, according to a new study of professional services marketing.

The Internal Revenue Service has issued final and temporary regulations removing the automatic 30-day extension of time to file information returns on forms in the W-2 series, with the exception of Form W-2G, in an effort to combat tax-related identity theft, starting in 2017.

The Financial Accounting Standards Board issued an accounting standards update on Wednesday deferring by one year the effective date of the converged revenue recognition standard that it released last year with the International Accounting Standards Board.

The American Institute of CPAs has sent a comment letter to the Financial Accounting Standards Board weighing in on proposed changes in accounting standards for not-for-profits and saying they could create divergence from the financial reporting model used by for-profit businesses.

Members of the House Ways and Means Oversight Subcommittee sent a letter Wednesday urging the Internal Revenue Service to return money it had seized from a Maryland farming couple simply because they deposited money in the bank in amounts under $10,000.

The Institute of Certified Public Accountants in Ireland and the Institute of Chartered Accountants of Bangladesh have signed a memorandum of understanding to provide an online CPA Certificate in IPSAS Financial Reporting in Bangladesh.

Employees of the Internal Revenue Service, the Treasury Department and dozens of other federal agencies and departments have elected a new president of the National Treasury Employees Union, Tony Reardon.

Accounting, tax and advisory firm CohnReznick recently hosted about 100 women executives to get them more accustomed to a common way to do business among generations of male executives.

Hillary Clinton has rolled out a plan to make college affordable that her presidential campaign has dubbed the New College Compact, enabling students to pay for higher education without taking out costly student loans.

Nearly one-third of U.S. adults believe there is a greater than 50 percent chance they will outlive their savings, according to a new survey.

The Public Company Accounting Oversight Board is seeing some improvements in audits of internal control over financial reporting, but also some contradictory findings.

The Securities and Exchange Commission has issued an interpretive rule clarifying that whistleblowers are protected by retaliation by employers even if they have not reported their concerns to the SEC first.

The National Association of Certified Valuators and Analysts has launched international chapters in Africa and Europe.

Financial Accounting Standards Board chairman Russell Golden explained how FASB is working with both the International Accounting Standards Board and other national standard-setters, including China and Germany, as FASB moves past the convergence process.

The Georgia Society of CPAs is uniting accountants in the Peach State in a friendly competition to support Georgia’s eight regional food banks.

The International Accounting Standards Board is asking for feedback on a proposal Monday to postpone the date when entities need to change some aspects of how they account for transactions between investors and associates or joint ventures.

Willingness to manipulate earnings helps individuals succeed in corporate accounting, according to a new academic study.

Public accounting firms hired the largest number of accounting graduates ever last year, according to the American Institute of CPAs.

The Internal Revenue Service is warning tax preparers that clients who fail to file their tax returns for last year run the risk of missing out next year on advance payments of the premium tax credit for health insurance under the Affordable Care Act.