Michael Cohn

Thomson Reuters has released a special report examining the Public Company Accounting Oversight Board’s new standards affecting broker-dealer audits.

A new study suggests that tax filing season could be the best time to sign up clients for health coverage under the Affordable Care Act rather than the current open enrollment period.

Nearly two times as many startup business owners cite the U.S. tax structure over health care reform as the issue they anticipate having the biggest impact on their business this year, according to a new survey by the payroll technology provider Paychex.

The Center for Audit Quality and the Auditing Section of the American Accounting Association have announced four awards as part of a program designed to give academic researchers access to audit firm personnel to use in their research projects.

House Republicans are accusing Lois Lerner, the former director of the Internal Revenue Service’s Exempt Organizations unit, of emailing a colleague about subjecting Sen. Charles Grassley, R-Iowa, the former chairman of the Senate Finance Committee, to an IRS examination.

Regions Bank plans to pay $51 million to resolve charges related to the intentional misclassification of loans and accounting fraud.

The Financial Accounting Standards Board and the International Accounting Standards Board are taking different approaches to setting standards for rate-regulated utilities, and a FASB board member sees little prospect for an agreement.

The House Ways and Means Committee has approved legislation aimed at simplifying the many tax credits available for education.

The nonprofit Sustainability Accounting Standards Board has released provisional sustainability standards for industries in the nonrenewable resources sector, such as oil, gas and mining.

Cloud accounting and payroll technology provider AccountantsWorld has signed a strategic partnership with HBK CPAs & Consultants, a Top 100 accounting and wealth management services firm based in Youngstown, Ohio.

Peter Konigsberg, an accountant and lawyer who provided services to numerous clients of Bernard Madoff’s investment firm, and who was a personal tax and business adviser to Madoff, pleaded guilty Tuesday in a Manhattan federal court to various charges and faces up to 30 years in prison.

The Internal Revenue Service has posted an updated Foreign Financial Institution Agreement on its Web site for implementing the Foreign Account Tax Compliance Act, or FATCA.

The American Institute of CPAs has sent a letter expressing strong concern with the Internal Revenue Service’s proposed voluntary certification program for tax return preparers, saying it “would cause significant legal problems that may ultimately frustrate the IRS’s goals, confuse the public, and lead to litigation.”

The Senate Finance Committee held a hearing Tuesday to examine ways to improve tax credits for education and lower student debt as part of the latest series of hearings on tax reform.

Boyd Falls, the former managing partner of Austin & Falls CPAs in Charlotte, N.C., has died.

The IRS Electronic Tax Administration Advisory Committee presented its 2014 Annual Report to Congress during a public meeting Tuesday, with recommendations including the creation of an online IRS account for individual and business taxpayers and tax professionals.

The role of the finance team is expanding beyond traditional accounting and financial reporting function to include areas such as information technology development, cyber security and strategic business planning, according to a new survey by the American Institute of CPAs.

Technology and consumer electronics vendors showed off some of their latest wares at last week’s Digital Experience mini trade show in New York.

The new chairman of the California Society of CPAs and the new president of the CalCPA Education Foundation plan to focus on strategic priorities.

The International Accounting Standards Board announced its intention Monday to create a transition resource group that will focus on the upcoming new requirements for impairment of financial instruments under International Financial Reporting Standards.