Michael Cohn

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.

The Treasury Department’s new steps to curb the tide of corporate inversion deals and the Organization of Economic Cooperation and Development’s 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.

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.

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.

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.

The Public Company Accounting Oversight Board has released a Staff Audit Practice Alert to remind auditors to continue to follow the existing PCAOB standards when they are considering a company's ability to continue as a going concern.

The Internal Revenue Service is being urged to move up its W-2 filing deadline to January 31 and to lower the threshold for requiring electronic filing of W-2 returns in an effort to curb the growing trend of identity theft related tax fraud.

The Securities and Exchange Commission announced on Monday an expected award of more than $30 million to an unidentified whistleblower who provided key original information that led to a successful SEC enforcement action.

The Internal Revenue Service has announced the new 2014-2015 per diem rates that taxpayers can use, starting October 1, to substantiate their expenses for lodging, meals and incidental expenses when traveling away from home.

The International Federation of Accountants’ Professional Accountants in Business Committee has issued guidance on developing and reporting supplementary financial measures that fall outside of GAAP.

A new series of research reports from the American Institute of CPAs and the Chartered Institute of Management Accountants examine the various weak links in a company’s value chain and what business leaders can do about them.

Nine individuals have been indicted in two separate conspiracies in Portland, Ore., each of them claiming more than $1 million in fraudulent tax refunds, according to the Justice Department and the Internal Revenue Service’s Criminal Investigation unit.

The Equal Employment Opportunity Commission has been questioning some of the Big Four accounting firms about their policy of requiring their partners to agree to retire at a specific age.

The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.

Congress made some moves this week in working on tax extenders, even though it is not expected to pass any legislation until after the midterm elections.

Maintaining healthy client relationships is important for CPAs, particularly when their tax clients need some help with their tax planning that may require outside expertise.

Thomson Reuters has released a tax-planning treatise for estate planners, Tax Planning for Family Wealth Transfers at Death: Analysis with Forms.

Taxpayers are expected to receive a modest amount of tax relief in 2015, thanks to the annual inflation adjustments provided under the Tax Code.

Last year marked the third consecutive year of increases in CPA firm revenue since the recession, with firms posting a 6.7 percent revenue increase, up from 5.4 percent in the previous year, according to the latest results from the Rosenberg Survey.

Rep. Mark Pocan, D-Wis., has introduced a bill that would help low-income married couples deduct twice as much of the interest charged on their student loan debts.