Michael Cohn

The International Federation of Accountants and the Chartered Institute of Public Finance and Accountancy have developed a new International Framework for Good Governance in the Public Sector to encourage more effective public sector governance.

WebFilings, a cloud-based provider of business reporting software, has been renamed as Workiva.

Optimism for the nation’s economic outlook among U.S. business leaders continued to rise from first quarter 2014, according to a new survey by Grant Thornton.

The Internal Revenue Service is suffering from several new deficiencies in its internal controls, although it has managed to address a number of older problems, according to a new report from the Government Accountability Office.

Private sector employment increased by 281,000 jobs in June, showing signs of a strengthening economy, according to payroll giant ADP’s monthly national employment report.

CFOs are expressing more optimism as they enter the second half of the year, according to a new survey.

The Internal Revenue Service said Tuesday it has updated its FATCA Foreign Financial Institution List to coincide with the rollout of the Foreign Account Tax Compliance Act.

Payroll service provider Paychex is seeing signs of improvement in employment at small businesses in the first six months of 2014, although it has also found a slight drop-off in the past two months.

The Treasury Department and the Internal Revenue Service have issued final rules on longevity annuities, which can help retirees manage their savings to ensure they have a stream of regular income as they get older, making longevity annuities accessible to the 401(k) and IRA markets.

The Internal Revenue Service has introduced a new 1023-EZ form that shortens the application that charities need to submit if they want to be granted tax-exempt status under Section 501(c)3 of the Tax Code.

The American Institute of CPAs’ Auditing Standards Board has issued two new auditing interpretations in response to the Governmental Accounting Standards Board’s new pension reporting standards.

The Internal Revenue Service said that unused Individual Taxpayer Identification Numbers, or ITINs, will expire if they are not used on a federal income tax return for five consecutive years.

The Internal Revenue Service has released a new revenue procedure describing the details of its new voluntary tax preparer continuing education program, known as the Annual Filing Season Program.

Foreign financial institutions will face tax withholding penalties on Tuesday, July 1 if they have not begun to make efforts to comply with the Foreign Account Tax Compliance Act, or FATCA.

The Internal Revenue Service has issued final regulations on the tax credit available to certain small employers that offer health insurance coverage to their employees under the Affordable Care Act.

A new academic study finds that fair value accounting was unfairly blamed for precipitating the 2008-2009 financial crisis, but acknowledges that some investors reacted positively to news that the rules would be relaxed in response to the crisis.

The American Institute of CPAs has created a new Web site to highlight how CPAs engage in lifelong learning and measure competency.

The Internal Revenue Service has issued an updated Qualified Intermediary Agreement for foreign banks that have been approved to withhold funds from a client’s bank account to be paid to the IRS.

Scott London, the former partner in charge of KPMG’s Pacific Southwest audit practice, talked about what led up to his fraud conviction and insider trading charges during a webinar before he begins a 14-month prison term next month.

Deloitte has appointed Catherine Engelbert as chairman and CEO of Deloitte & Touche LLP, the audit subsidiary of Deloitte LLP, to lead its audit practice.