Michael Cohn

The Center for Audit Quality has released findings from a collaborative effort by members of the public company auditing profession to field test certain aspects of the Public Company Accounting Oversight Board’s auditor’s reporting model proposal.

The Internal Revenue Service generally took reasonable steps to plan for the required sequestration spending cuts in its fiscal year 2013 budget, although it needed to cut back on staffing for taxpayer service, collections and enforcement activity, according to a new government report.

Jordan Belfort, the stock fraudster played by Leonardo DiCaprio in Martin Scorsese’s dazzling movie, “The Wolf of Wall Street,” left behind a money trail that eventually led to his downfall, according to investigators who spoke at the Association of Certified Fraud Examiners annual fraud conference.

The House Judiciary Committee has approved legislation by a wide margin that would prohibit states from taxing Internet access.

The Internal Revenue Service needs to improve its processes for disposing of unneeded computers, printers and servers, according to a new government report.

A slim majority of CFOs think the state of the U.S. economy will improve rather than remain the same or worsen during the next six months, according to a new survey by Grant Thornton.

Paychex has acquired nettime solutions, LLC, a cloud-based time and attendance systems provider.

The Internal Revenue Service said Wednesday it would make major changes in its offshore voluntary compliance programs to provide new options to help both taxpayers residing overseas and those residing in the United States.

Lynn Calhoun has been named the new CFO of BDO USA LLP.

Flint Mobile has integrated its mobile phone payment app, which works without a card reader, with Intuit's QuickBooks Online to expedite payments for small businesses that work outside traditional storefront environments.

Ohio is the first state in the nation to allow continuing professional education in 10-minute increments for CPAs.

The new converged revenue recognition standard from the Financial Accounting Standards Board and the International Accounting Standards Board could have an impact on not only financial statement preparers, but on tax practitioners and auditors as well.

Congressional Republicans said Tuesday that the Internal Revenue Service has lost emails from six other officials besides Lois Lerner, the former director of the IRS’s Exempt Organizations unit.

Former FBI director Louis Freeh addressed the ever-growing problem of financial fraud in a speech before the Association of Certified Fraud Examiners at the ACFE's annual conference in San Antonio, Texas, on Monday, pointing out that some of the original FBI members were accountants.

The international Organization for Economic Cooperation and Development has released a new report suggesting a number of reforms to strengthen the U.S. economic recovery, including tax reform.

The Governmental Accounting Standards Board has published two proposed statements to improve financial reporting by state and local governments of other post-employment benefits, such as retiree health insurance.

The Internal Revenue Service claims to have lost two years’ worth of email messages between Lois Lerner, the former director of the Exempt Organizations unit who is facing contempt of Congress charges, and correspondents outside the agency.

The Internal Revenue Service is being asked to do more to crack down on tax noncompliance by partnerships and S corporations, including requiring more of them to file their tax returns electronically.

A Florida accountant has been arrested and accused of imprisoning three prostitutes in his home, raping the women, acting as a pimp and providing them with drugs.

Sen. Charles Grassley, R-Iowa, the former chairman of the Senate Finance Committee, is warning that tax season could be delayed next year if approval of tax extenders legislation is put off until after the mid-term elections in November.