Michael Cohn

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.

Intuit has introduced a new QuickBooks app for Mac that brings the QuickBooks Online environment to Mac users.

Thomson Reuters has released a special report highlighting key provisions of the Affordable Care Act that employers, accounting firms and other professionals should understand to avoid tax penalties.

The House passed a pair of bills Thursday to provide tax breaks to businesses.

Facing a series of budget cuts in recent years, the Internal Revenue Service is being urged to set a long-term strategy and use return on investment data to better manage budget uncertainty and set priorities at the agency, in a new report from the Government Accountability Office.

The Financial Accounting Standards Board has released a new accounting standard to address some of the problems with financial reporting on repurchase agreements, such as those that contributed to the demise of MF Global.

Xero has released its online practice management system Xero Practice Manager, providing job, time and invoice management for accountants and bookkeepers.

CFOs around the world are taking a more aggressive approach to spending and investment over the next year, but CFOs in the U.S. remain cautious amid concerns about regulations and political gridlock, according to a new survey by American Express.

The Public Company Accounting Oversight Board has made public additional portions of a 2010 inspection report on Ernst & Young and 2008 and 2009 inspections of Grant Thornton because the firms failed to adequately address some of the quality control problems that the PCAOB had identified within a year, although Grant Thornton claims the problems have since been addressed.

The Internal Revenue Service has issued a revenue procedure providing safe harbors for applying the general welfare exclusion to Indian tribal government programs.

Thomson Reuters has introduced Checkpoint Catalyst, the latest generation of its online tax research system.