Michael Cohn

Plaintiffs filed 85 new federal class-action securities cases against U.S.-based companies in the first half of 2015, a decrease from the second half of last year, which saw 92 cases filed, according to a new report.

The International Accounting Standards Board has proposed making some clarifications to the revenue recognition standard that it released last year with the U.S. Financial Accounting Standards Board.

The International Public Sector Accounting Standards Board has released for comment a consultation paper on Recognition and Measurement of Social Benefits.

The Internal Revenue Service is hampered by incomplete information from health insurance marketplaces in its efforts to oversee tax breaks for individuals in the Affordable Care Act, according to a new government report.

The Internal Revenue Service’s total tax debt inventory has increased 23 percent since 2009 to $380 billion, according to a new government report, while the agency’s collection staff has declined 23 percent after years of budget cuts.

House Ways and Means Committee members Charles Boustany, R-La., and Richard Neal, D-Mass., have released a bipartisan proposal to create a so-called “innovation box,” a lower tax rate on income derived from intellectual property to encourage more multinational companies to keep intangible assets in the U.S.

The International Federation of Accountants has released a new briefing paper on how accountants can help their organizations address sustainability issues and incorporate them into business decisions.

The Department of Justice’s Office of Inspector General issued a report criticizing PricewaterhouseCoopers’ audit of Big Brothers Big Sisters of America and has referred to the matter to the American Institute of CPAs’ Professional Ethics Division.

The Anti-Fraud Collaboration, a joint effort of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released the third in a series of case studies examining how to identify and stop accounting fraud in an organization.

Electronic payments and banking technology provider ACI Worldwide said the Internal Revenue Service has extended its relationship with the company’s OfficialPayments.com online bill payment service portal.

The Chartered Professional Accountants of Canada organization has published a new study on the evolving corporate reporting landscape, focusing particularly on sustainability issues.

In the first two quarters of 2015, there were 207 sales and use tax rate changes, up from 159 in the first six months of 2014, according to a new report.

An 85 percent majority of CPAs in New Jersey expect their businesses to grow in the coming year, according to a new survey.

The traditional summer ritual of back-to-school shopping is turning into more of a year-round endeavor, according to new surveys by Deloitte.

The American Institute of CPAs has revised two publications used by auditors of governmental and not-for-profit entities that spend federal awards and those who audit state and local government financial statements.

The Financial Accounting Standards Board has issued an accounting standards update to simplify the measurement of inventory.

The Internal Revenue Service has released final regulations for filing a claim for credit or refund to provide guidance to taxpayers as to the proper place to file a claim for credit or refund.

Stephen A. Whitlock, the director of the Internal Revenue Service’s Whistleblower Office, has been named director of the IRS’s Office of Professional Responsibility, effective Aug. 3, 2015.

Marvel Entertainment Group, the company behind the superhero comic books and hit movies, landed in Tax Court this week, and lost a battle against the Internal Revenue Service.

The Internal Revenue Service has been scaling back its activities and using some of its budgeting flexibility to absorb funding cuts, according to a new government report.