Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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The Securities and Exchange Commission has issued an order instituting proceedings against Mayer Hoffman McCann, an auditing firm associated with CBIZ, after it found that one of MHMs audit and attest clients, Tradebot Systems, a high-frequency trading broker-dealer, had traded CBIZ stock.
By Michael CohnSeptember 30 -
Nine out of 10 U.S.-based internal auditors received pay raises in 2014, according to a new study.
By Michael CohnSeptember 30 -
The Internal Revenue Services collection efforts need to be improved to make sure that delinquent taxpayers residing in foreign countries comply with their U.S. tax obligations, according to a new government report.
By Michael CohnSeptember 30 -
The American Institute of CPAs has released a technical practice aid about what auditors should do about asking for a written management representation regarding prior periods that were audited by a previous auditing firm.
By Michael CohnSeptember 29 -
Over 40 percent of all audits inspected by the Public Accounting Oversight Board in 2012 had deficiencies, and the number of fair value measurement audit deficiencies made up approximately one-fourth of all audit deficiencies, according to a new report.
By Michael CohnSeptember 29 -
Payroll giant ADP is planning to issue a new quarterly report examining different trends in the U.S. workforce.
By Michael CohnSeptember 29 -
The Securities and Exchange Commission has charged Bank of America Corporation with violating the internal controls and recordkeeping provisions of the federal securities laws after the bank assumed a large portfolio of structured notes and other financial instruments as part of its acquisition of Merrill Lynch.
By Michael CohnSeptember 29 -
The Internal Revenue Service could be missing out on some opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible, according to a new government report.
By Michael CohnSeptember 29 -
Private companies demonstrated strong performance for the third quarter in the row, according to a new report.
By Michael CohnSeptember 29 -
The Sustainability Accounting Standards Board has released a set of provisional standards for companies in the transportation sector.
By Michael CohnSeptember 24 -
The American Institute of CPAs has submitted comments to the Internal Revenue Service and the Treasury Department relating to the issue of material participation by a trust or estate in a trade or business for purposes of section 469 of the Tax Code.
By Michael CohnSeptember 24 -
Two research studies released Wednesday demonstrate the significant changes to behavior triggered by integrated reporting.
By Michael CohnSeptember 24 -
The Internal Revenue Service does not have the information it needs to ensure that employers are eligible for and comply with the Voluntary Classification Settlement Program, according to a new government report.
By Michael CohnSeptember 24 -
Deloitte said Wednesday it posted record revenues of $34.2 billion globally for the fiscal year ending May 31, as demand for services at its member firms produced their fifth consecutive year of growth.
By Michael CohnSeptember 24 -
The Internal Revenue Service has issued new draft instructions, notices and a publication to help taxpayers and tax practitioners deal with the Affordable Care Act.
By Michael CohnSeptember 23 -
The vast majority of fraudulent activity on travel and expense reports can be attributed to just 5 percent of employees, according to a new report.
By Michael CohnSeptember 23 -
The Treasury Departments new steps to curb the tide of corporate inversion deals and the Organization of Economic Cooperation and Developments recently released recommendations aimed at combating tax base erosion and profit shifting signal increasing momentum in the battle to prevent corporate tax revenues from eroding.
By Michael CohnSeptember 23 -
The American Institute of CPAs Auditing Standards Board has issued a third exposure draft resulting from its Attest Clarity Project, in an effort to address concerns about the clarity, length and complexity of the attestation standards for CPAs.
By Michael CohnSeptember 23 -
Business development companies are increasingly using off-balance sheet investment vehicles known as senior secured loan programs to increase their effective portfolio leverage without running afoul of regulatory limits on balance sheet leverage, but that trend can be risky, according to research from Fitch Ratings.
By Michael CohnSeptember 23 -
The majority of small businesses are expecting to finish the year with a profit, according to a new survey by the payroll service provider SurePayroll.
By Michael CohnSeptember 22