Michael Cohn

It isn’t often that accounting firms have to compete against pizza parlors, but all bets are off when it comes to softball.

The Financial Accounting Standards Board has released two proposed accounting standards updates related to derivatives and hedging.

Total nonfarm employment increased by 215,000 in July, including 1,900 jobs in accounting and bookkeeping services, the U.S. Bureau of Labor Statistics reported Friday, although the unemployment rate remained unchanged at 5.3 percent.

The Internal Revenue Service lacks effective processes to ensure the authenticity of copies of documents certified by a foreign issuing agency to support an application for an Individual Taxpayer Identification Number, according to a new government report.

The Senate Finance Committee has released its long-awaited report on the Internal Revenue Service’s treatment of political groups applying for tax-exempt status, and it includes a tantalizing reference to Bristol Palin, the daughter of former Alaska governor and vice presidential candidate Sarah Palin.

Thomson Reuters has introduced the Corporate CPE Network to provide corporate professionals with information, recommendations and best practices to educate them on new tax law and accounting requirements.

The National Society of Accountants has sent a letter to every member of Congress urging them to enact legislation to support a Tax Practitioners Bill of Rights that the organization issued in June and increase funding for the Internal Revenue Service.

The Internal Revenue Service is cautioning taxpayers and tax practitioners against the newest scams as losses top $20 million in money stolen from victims by fraudsters claiming to work for the IRS and other government agencies, including the Department of Motor Vehicles.

CFOs have a more favorable view of the U.S. and world economy so far this year, according to a new survey.

The Securities and Exchange Commission announced charges Thursday alleging that Miller Energy Resources Inc., its former chief financial officer, and its current chief operating officer inflated values of oil and gas properties, resulting in fraudulent financial reports for the Tennessee-based company.

Former Internal Revenue Service commissioner Mark Everson has filed a complaint with the Federal Election Commission objecting to being left out entirely of Fox News’s Republican presidential debate.

Leaders of the Senate Finance Committee have released a bipartisan investigative report on the scandal involving the extra scrutiny the Internal Revenue Service’s gave to applications for tax-exempt status from political groups, finding evidence of mismanagement at the agency.

The Securities and Exchange Commission has adopted a final rule requiring public companies to disclose the ratio of the compensation of their CEOs to the median compensation of their employees.

The global economy is facing a period of volatility and major readjustments, according to a new survey of accountants around the world from the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Small businesses experienced a slowdown in employment growth in July, compared to previous months, according to Intuit, although employees were paid slightly more and worked additional hours.

Private sector employers added 185,000 jobs last month, according to payroll giant ADP, indicating some slackening in job growth, particularly in the manufacturing and energy industries.

Nonprofit organizations make accounting errors at a relatively high rate, in part because they try to avoid devoting a high percentage of their funding to administrative costs, according to a new study.

TaxBuzz, an online directory of tax professionals, has released a new service to help its users verify their providers' identity and trustworthiness.

The New York State Society of CPAs has asked the Internal Revenue Service to make some long-overdue revisions in Form 990-PF, the tax form used by private foundations.

Thomson Reuters has introduced the Checkpoint Learning Forensic Accounting Certificate Program for CPAs and other accounting and audit professionals to help them build competencies in forensic investigation, related process, and litigation support while earning continuing professional education credits.