Michael Cohn

The Public Company Accounting Oversight Board has announced settled disciplinary orders against two audit firms and four individuals for violating federal securities laws, including one case of fraud, and violating PCAOB rules and auditing standards relating to auditor independence, quality control and audit documentation.

The Tax & Accounting business of Thomson Reuters kicked off its seventh annual series of Partner Summits series Wednesday in Minneapolis.

The Chartered Institute of Public Finance and Accountancy and the International Integrated Reporting Council said Wednesday they are creating a public sector pioneer network to promote the implementation of integrated reporting in the public sector.

The House Ways and Means Committee may have broken the law when it publicly disclosed confidential taxpayer information in a letter to Attorney General Eric Holder.

Nearly two-thirds of corporate tax leaders are skeptical about the two-year timeline set by the Organization for Economic Cooperation and Development for curbing multinational tax avoidance, according to a new survey by KPMG.

Making partner at a Big Four accounting firm in the United Kingdom is no longer a privilege enjoyed only by those born in wealthy families, according to a new academic study.

The Securities and Exchange Commission has issued an order staying the effective date for compliance with the some of the conflict minerals rules the agency had drawn up after an appeals court ruled that they violated the First Amendment.

The Internal Revenue Service’s Office of Professional Responsibility has disbarred a former Massachusetts CPA and attorney for falsely claiming to be a CPA on power of attorney forms that he submitted to the IRS even after his CPA license had been revoked.

The Internal Revenue Service said it would regard 2014 and 2015 as a transition period for purposes of IRS enforcement and administration of the Foreign Account Tax Compliance Act, or FATCA, for banks that have made a good-faith effort to comply.

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

Former New York City Mayor Michael Bloomberg and former Securities and Exchange Commission chairman Mary Schapiro have joined the board of the Sustainability Accounting Standards Board, serving as chair and vice-chair, respectively, of the fledgling organization.

Eighty-one percent of U.S. CEOs believe the current international tax system needs to be reformed, according to a new survey by PricewaterhouseCoopers,

Thomson Reuters has launched a bimonthly newsletter for tax and accounting professionals.

The chairman of the Financial Accounting Standards Board said Thursday that the FASB staff expects to issue the long-awaited converged standard on revenue recognition that it has developed with the International Accounting Standards Board this month, calling it “a grand achievement for both boards.”

Public Company Accounting Oversight Board chairman James Doty said in a speech Thursday that he is concerned about cuts in audit fees having an impact on the quality of audits as the auditing practice becomes a declining part of the revenue at accounting firms.

A pair of senators have introduced legislation to prohibit federal workers from receiving bonuses if they aren't in good standing with their agency or the law, in response to a report from the Treasury Inspector General for Tax Administration that IRS employees who owed back taxes received lucrative bonuses.

Richard Chambers, president and CEO of the Institute of Internal Auditors, has released a new book, "Lessons Learned on the Audit Trail," that describes his varied career and the real-life challenges he sees in achieving success in the internal audit profession.

Jobs at small businesses increased last month, with Washington State leading the way along with the Mountain region of the country, according to payroll provider Paychex and the research firm IHS.

Organizations have increased their oversight of business continuity management activities, according to a new survey by KPMG that found 71 percent of respondents indicating they have a senior management advisory or steering committee in place, up from 65 percent in a 2011-2012 survey.

Private sector employers added 220,000 jobs in April, in a sign of a more robust economy taking shape, according to the latest employment report from payroll giant ADP.