Michael Cohn

The International Federation of Accountants has released a new thought paper offering advice on risk management.

CFOs of multinational corporations have mixed reactions to the Organization of Economic Cooperation and Development’s crackdown on base erosion and profit shifting by global companies, according to a new survey.

Delays in employer and insurer reporting of health insurance information have reduced the IRS’s ability to determine whether taxpayers and their dependents have basic health insurance as required under the Affordable Care Act’s individual mandate, according to a new government report.

Securities and Exchange Commission chief accountant James Schnurr is rethinking a proposal he made last December that the SEC allow U.S. companies the option of providing some information, such as revenues, using International Financial Reporting Standards as a supplement to U.S. GAAP without requiring reconciliation.

The Public Company Accounting Oversight Board has issued a communication to audit committees known as an Audit Committee Dialogue, promising it will be the first in a series to provide insights from inspections of public company auditors that may be helpful to audit committee members in their oversight of auditors.

A new study questions the wisdom of the Financial Accounting Standards Board’s initiative to simplify accounting standards for private companies.

Nearly a thousand Internal Revenue Service employees who willfully violated the tax laws received suspensions, reprimands or counseling over a 10-year period instead of being fired, according to a new report.

The International Ethics Standards Board for Accountants has re-exposed a proposed standard to guide auditors, other professional accountants in public practice, and professional accountants in business to help them decide how best to act in the public interest when they come across an act or suspected act of non-compliance with laws and regulations.

ADP reported Wednesday that private sector employers added 169,000 jobs in April, as low oil prices and a strong dollar slowed down the hiring pace.

The Indiana CPA Society marked its 100th anniversary on Wednesday, May 6.

The Internal Revenue Service and the Treasury Department have issued proposed regulations relating to qualifying income from exploration, development, mining or production, processing, refining, transportation, and marketing of minerals or natural resources.

The Internal Revenue Service has been unable to stop taxpayers from collecting billions of dollars in potentially erroneous education tax credits, according to a new government report.

The Treasury Inspector General for Tax Administration released a report last week showing that the Internal Revenue Service has made significant progress in processing applications for tax-exempt status from organizations, but it’s not enough to satisfy critics of the agency.

The hiring picture at small businesses improved slightly in April, according to the payroll giant Paychex.

Jackson Hewitt Tax Service reported the best results it has seen in over five years this tax season, in contrast with competing tax prep chains H&R Block and Liberty Tax.

The Internal Revenue Service has released the inflation-adjusted deduction limitations for annual contributions to health savings accounts in 2016.

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements to explain the new financial statement preparation service introduced by the American Institute of CPAs’ Accounting and Review Services Committee.

A pair of senators introduced legislation Monday to expand access to tax-exempt bonds and federal tax credits to provide more money to state and local governments to spend on fixing the nation’s aging infrastructure.

The Foreign Account Tax Compliance Act is meeting with some success in prompting foreign banks to disclose the holdings of U.S. taxpayers to the Internal Revenue Service, according to a former IRS official.

Former pro football player Plaxico Burress has been indicted by a New Jersey grand jury in the first prosecution under a new statute that makes a failed electronic funds transfer the same as a bad check.