The Latest

The Internal Revenue Service is being urged to modernize the process of filing amended tax returns in a new government report that estimates the IRS could be losing billions of dollars from erroneous tax refunds claimed on amended tax returns.

Financial Executives International has elected a new slate of executive officers and members of the board of directors for the fiscal year, effective July 1.

The Institute of Management Accountants and the American Accounting Association’s Management Accounting Section have released a new framework intended to broaden the scope of accounting education.

The Institute of Internal Auditors has elected PricewaterhouseCoopers partner Anton van Wyk, a native of South Africa, as chairman of the IIA’s 2014-2015 Global Board of Directors.

Cloud-based analytics provider Adaptive Insights and McGladrey announced a new partnership to offer global midmarket customers a real-time view of financial information.

Actor Sir Michael Caine, singers George Michael, Kate Melua and Gary Barlow, and four members of the Arctic Monkeys rock band are among those accused of participating in a massive tax shelter scheme in the United Kingdom.

Wholesale adoption in the U.S. of International Financial Reporting Standards seems unlikely to occur in the near future as the Financial Accounting Standards Board and the International Accounting Standards Board continue to move away from full convergence of their standards, according to a Fitch Ratings report.

QuickBooks Online announced that it has become the first cloud accounting solution to enable small businesses to accept Bitcoin payments through its new service.

3M announced an expansion of its visual privacy solutions with the new ePrivacy Filter.

Every now and again, being an executive coach brings me into conversations with a fascinating subset within the CPA world—the CPAs who want to be something else when they grow up.