Michael Cohn

The International Accounting Standards Board has proposed a set of enhancements to the Conceptual Framework for Financial Reporting.

The Financial Accounting Standards Board has released a proposed accounting standards update to simplify the accounting for measurement-period adjustments in business combinations.

The Internal Revenue Service has released the spring 2015 issue of the Statistics of Income Bulletin, which features preliminary data for individual income tax returns filed for tax year 2013, indicating that taxpayers were earning more income and relying less on unemployment insurance as the economy recovered from recession.

The Center for Audit Quality has premiered an online video series, “Profession in Focus," featuring interviews with leaders in the profession, starting with Deloitte’s new CEO, Cathy Engelbert.

Thomson Reuters has added content on like-kind exchanges to its Checkpoint Catalyst tax research system to help tax practitioners secure tax deferrals for their clients.

The Internal Revenue Service’s collection employees might not be taking all the actions they could to collect tax debts owed by defunct companies before closing out the cases, according to a new report.

Senate Finance Committee Chairman Orrin Hatch, R-Utah, has written to IRS Commissioner John Koskinen for answers about the massive data breach that the IRS disclosed this week.

The Internal Revenue Service’s Criminal Investigation unit was among the law enforcement agencies involved in indicting nine officials from FIFA, the international soccer federation that hosts the World Cup, along with five corporate executives involved in a massive bribery scheme.

The Internal Revenue Service warned of a huge data breach of its online Get Transcript application that allowed the tax returns of approximately 104,000 taxpayers to be accessed by identity thieves.

The American Institute of CPAs is beginning to administer exams for the Chartered Global Management Accountant designation.

BDO USA has agreed to pay $40 million to settle investor claims over money lost in R. Allen Stanford’s $7 billion Ponzi scheme.

The Securities and Exchange Commission has charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the billions of dollars, and Deutsche Bank agreed to pay a $55 million penalty to settle the charges.

The Institute of Internal Auditors has released nine new and updated practice advisories that provide guidance to internal auditors and chief audit executives on sustaining a comprehensive quality assurance and improvement program.

The American Institute of CPAs is offering an online CPA personality quiz that’s garnering attention among CPAs young and old alike.

The Internal Revenue Service is reminding businesses in U.S. territories that they need to file Form 8300 if they engage in cash transactions of $10,000 or more.

A Florida CPA has been arrested and charged with using her tax preparation business to facilitate an income tax refund fraud scheme.

Sen. John Cornyn, R-Texas, and Rep. Sam Johnson, R-Texas, have re-introduced a bill aimed at preventing fraud in the provision of Individual Taxpayer Identification Numbers to undocumented immigrants.

Government contractors working on the Internal Revenue Service’s main communications portal for taxpayers and tax professionals might have overbilled the agency hundreds of thousands of dollars, according to a new report.

The global economy is showing stronger signs of improvement in the first quarter of the year, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Employers are changing their hiring patterns for accounting staff, according to one expert, increasingly looking for permanent staff or bringing in temps that they hope to convert into full-time employees.