Michael Cohn

The Financial Accounting Standards Board has issued an accounting standards update on simplifying the presentation of debt issuance costs.

The Internal Revenue Service is seeing some success in its fight against identity theft and tax fraud despite successive rounds of budget cuts.

Billy M. Atkinson, the chairman of the Private Company Council that helps set accounting standards for privately held companies, said Wednesday that he will not seek a second term as head of the group after his current term expires at the end of this year.

The Institute of Management Accountants has signed a new strategic partnership and opened eight new chapters in India.

The managing partner of the CPA firm PKF Pacific Hawaii has been charged with 13 felony counts relating to losses of more than $500,000 from his firm.

The Public Company Accounting Oversight Board has sanctioned five current and former partners and employees of the auditing firms L.L. Bradford & Company, LLC in Las Vegas and Samyn & Martin in Kansas City, Mo., for violating PCAOB requirements for auditor independence, audit partner rotation, and audit planning and performance.

The controversial car ride app Uber is appearing on an increasing number of employee expense reports so far this year, according to a new analysis.

California and Colorado taxpayers had a higher chance of an IRS audit than taxpayers in any other states, according to a new study, while New York and Massachusetts had the highest chance of an audit of their 2013 state tax return.

The housing mortgage giants Fannie Mae and Freddie Mac could need another bailout in the next few years because they are being left undercapitalized by the Treasury Department, according to the former chairman of the Federal Deposit Insurance Corporation.

The Association of Chartered Certified Accountants has introduced ACCA-X, a set of online learning courses for accountants and financial professionals.

Frustrated taxpayers are encountering ever longer wait times on phones when seeking assistance from the Internal Revenue Service as tax season draws to a close, according to the head of the union representing IRS employees.

Late last month, the Securities and Exchange Commission adopted final rules to facilitate smaller companies’ access to capital and provide investors with more investment choices.

The consumer finance site WalletHub has released a new report ranking the states with the highest and lowest real estate and vehicle property taxes across the country.

Retention of staff members is the top issue cited by Maryland CPA firms, according to a new survey by the Maryland Association of CPAs, followed by finding qualified people.

While New York County, also known as Manhattan, topped the list of counties in 2013 ranked by average wages and salaries with $96,941, the richest county in the country during filing year 2013 in terms of average adjusted gross income was Teton County, Wyo.

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.

The Internal Revenue Service and the Treasury Department have issued guidance aimed at making it easier for taxpayers to be automatically enrolled in retirement plans such as 401(k) and 403(b) plans by their employers, simplifying the correction methods if errors are made.

The Financial Accounting Standards Board is planning to propose two new projects as part of its initiative to simplify accounting standards, along with two new projects for FASB’s Emerging Issues Task Force.

Revenue growth expectations among CFOs in North America declined this quarter, according to a new survey by Deloitte.

KPMG has launched an advertising campaign featuring championship golfers Phil Mickelson and Stacy Lewis, centered around the advancement, development and empowerment of women in business and the sport of golf.