Michael Cohn

The Boston Red Sox has to deal with some unusual challenges, including conquering a Green Monster of an accounting system.

While companies are increasingly making use of cloud computing for their accounting software and other applications, they’re not completely ditching their enterprise resource planning software either.

The kickoff meeting of the Blue Ribbon Panel on Standard Setting for Private Companies showed there isn’t a lot of agreement among privately held companies and their accountants on exactly what constitutes generally accepted accounting principles.

The Securities and Exchange Commission has begun probing Lehman Brothers’ former executives and looking under the rocks at other financial institutions to see if they have been using similar accounting gimmicks.

As many taxpayers continue to struggle with a tough economy, tax season is finding many of them literally unprepared.

The Internal Revenue Service has been making good on its promises to step up its audits of wealthy taxpayers, and sites like Facebook could be a big help.

Amazon.com has cut off its affiliates in Colorado in response to a new law that requires Web retailers to send a statement to their customers every year of how much tax they should be paying on their purchases.

The wrangling over the fate of the Consumer Financial Protection Agency took another turn with the revelation that it may end up within the Federal Reserve.

The Securities and Exchange Commission finally made its long-awaited decision on the IFRS roadmap, or did it?

There’s a certain amount of suspense these days in our nation’s capital about what’s going to happen not only with health care reform, but also financial regulations.

President Obama is widely expected to call for a three-year spending freeze on key areas of his discretionary budget during the State of the Union address on Wednesday evening, but critics are already warning that now is not the time to cut spending just as the country is emerging from a recession.

The devastating earthquake in Haiti last week is spurring relief efforts from countries around the world, but the U.S. is playing a key role in providing both help and security, along with much-needed funds.

A group of top central bank governors is calling for accounting standard-setters to develop a provisioning approach for troubled loans based on an expected-losses model rather than fair value.

Call it what you like, but the first decade of the millennium has passed with many a whimper.

Everybody has to have a Top 10 list around the New Year, and looking back over the past year, we found that WebCPA readers clicked the most on stories about taxes and accounting firm rankings.

The Senate’s brand-new 10 percent tax on indoor tanning services is bound to lead to some further creative thinking about how to generate extra revenue to cover the costs of health care reform.

The case of Bernard Madoff’s former auditor, David Friehling, has cast the ethics of the accounting profession into a harsh light and forced his state CPA society to take action.

The Public Company Accounting Oversight Board is facing an uncertain future after several justices on the high court appeared to side with the accounting firm and conservative group that hope to prove the board is unconstitutional.

Businesses will have to act soon on a bevy of tax breaks before they expire at the end of the year.

A group of Democratic lawmakers has introduced a bill that would impose a temporary war surtax beginning in 2011 to pay for the war in Afghanistan.