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The Virginia Society of Certified Public Accountants (VSCPA) Educational Foundation recently announced its college scholarship recipients for the 2016–2017 academic year. The Educational Foundation represents a nonprofit organization dedicated to promoting accounting education and encouraging students to pursue careers as CPAs.

Mountjoy Chilton Medley has expanded its footprint in Cincinnati by adding Top 100 firm Elliott Davis Decosimo’s practice in that city.

With the regulations that once kept financial advisors and other money-management professionals on the social-media sidelines a thing of the past, the floodgate of tweets, Snaps and Instagram posts should be wide open by now. But the response has actually been quite muted.

The Internal Revenue Service has begun a new campaign to make tax preparers more aware of security risks that could expose their clients to identity theft and tax fraud.

Dallas, Texas tax services firm Ryan announced on Wednesday that they will hold an inaugural, firm-wide day of service in honor of the firm's 25th anniversary on July 14, 2016. Dubbed the “RyanSHARES” day, the firm's professionals will spend a full day volunteering in their respective local communities.

The American Institute of CPAs’ Financial Reporting Executive Committee has drafted a set of implementation issues for nine different industries that it plans to incorporate in a guide to the new revenue recognition standard next year.

Soccer’s seven top officials selected a Slovenian to be FIFA’s new audit and compliance chief, an appointment that’s been under scrutiny following the resignation of the former office holder who claimed the role had been diminished.

Cloud business software provider Exact released Macola 10.4, an enhanced version of its ERP and business software.

Wells Fargo & Co. got less than it wanted in a federal tax-refund lawsuit, yet the bank’s partial victory may spur billions of dollars in similar refund claims from companies that have done repeated mergers and acquisitions, tax lawyers say.

Barcelona soccer star Lionel Messi, the record five-time world player of the year, was handed a 21-month prison sentence for tax fraud by a Spanish court that he’s unlikely to have to serve.