Michael Cohn

The best prepared accounting firms manage to be more productive and profitable, according to a new study by Wolters Kluwer CCH.

The Securities and Exchange Commission has sanctioned a Florida-based auditor for violating federal laws and regulations that require lead audit partners to periodically rotate off their audit engagements with a publicly traded company in order to preserve the integrity of the financial reporting process.

A CPA from Dayton, Ohio, was sentenced to serve over a year in prison and a year of supervised release for helping the owners of the Cadillac Ranch restaurant chain evade taxes.

The Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, has appointed banking executive Mary P. Crotty to the newly created position of chief operating officer.

A federal judge has dismissed a pair of lawsuits against the Internal Revenue Service by over 40 conservative groups over the IRS’s handling of their applications for tax-exempt status.

British Petroleum has filed a legal motion against the administrator of the claims settlement program set up to deal with victims of the 2010 oil spill in the Gulf of Mexico from its Deepwater Horizon oil-drilling rig to force him to release the results of an audit by McGladrey LLP that is costing BP more than $14 million.

The Treasury Department and the Internal Revenue Service have issued guidance aimed at expanding the use of income annuities in 401(k) plans.

The Public Company Accounting Oversight Board has released expanded versions of two of its inspections reports of KPMG LLP after the firm failed to address quality control issues to the board’s satisfaction.

Chief financial officers in both the U.S. and Europe are concerned about the financial prospects for their own companies as well as global economic conditions, according to a new survey.

The Internal Revenue Service is planning to improve the technology used by its Taxpayer Advocate Service to better handle the many requests it receives from taxpayers seeking help with their IRS problems, but the project has been put on hold due to budget cuts.

The Internal Revenue Service needs to go to greater lengths to safeguard taxpayer information on health insurance exchanges, according to a new government report.

CPA.com, the American Institute of CPAs’ business and technology subsidiary, has increased its service offerings and built revenues after the AICPA changed the name from CPA2Biz.

The Internal Revenue Service posted the annual cost-of-living adjustments for pension plans and other retirement plans for 2015, allowing taxpayers to contribute up to $18,000 in their 401(k) plans in 2015.

Business confidence and the economic outlook have improved dramatically for small and medium-sized enterprises in the past year, according to a new survey by the Association of Chartered Accountants and the Institute of Management Accountants.

Optimism for the nation’s economic outlook among U.S. business leaders remained strong in the third quarter, according to a new survey by Grant Thornton.

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is planning a project to review and update its decade-old Enterprise Risk Management–Integrated Framework.

The average tax refund in 2014 was $2,696, up 1.5 percent from the average refund of $2,656 in 2013, according to a new report on how well the Internal Revenue Service operated last tax season.

The American Institute of CPAs has introduced two new tools to help CPA firms and organizations expand and enhance their diversity and inclusion efforts.

A bipartisan group of 15 senators has written to the Internal Revenue Service urging the agency to do a better job of preventing tax refund fraud using stolen identities.

The Internal Revenue Service’s Office of Safeguards is not doing enough to protect the federal tax information that it is required to disclose to other government agencies, according to a new report.