The Latest

The IRS needs to improve its procedures to enable taxpayers to access their tax account information and identities online in a secure way, according to a new report.

The Public Company Accounting Oversight Board has proposed for a second time the idea of requiring auditor reports to disclose the names of the lead partner on an audit engagement and some of the other individuals and firms who participated in audits of public companies, brokers and dealers.

The New Jersey Society of CPAs membership group the Young CPAs collected more than 2,800 pounds of food during its annual September to November food drive to benefit the Community FoodBank of New Jersey.

The Securities and Exchange Commission charged Fifth Third Bank’s holding company, Fifth Third Bancorp, on Wednesday and its former chief financial officer, with improper accounting of commercial real estate loans during the financial crisis.

The reasons to begin conversations with both current and potential clients with an emphasis on report writers are more compelling than ever, particularly as this technology has become more available and easier for small businesses to use and deploy.

Ed Mendlowitz, a partner at WithumSmith+Brown, discusses how small CPA firms can benefit from conferences like Accounting Today's recent Growth & Profitability Summit in Orlando, in an interview with managing editor Tamika Cody.

The Supreme Court held that the 40 percent gross valuation misstatement penalty applies to overstated basis where partnerships were shams, so no partner could legitimately claim a basis in the partnership interest greater than zero.

Audit and risk management product maker ACL has released a purchase card fraud product designed to enable organizations to immediately identify and remediate suspicious transactions.

Employers in the private sector added 215,000 jobs from October to November, according to payroll giant ADP, in a sign of increasing strength across broad segments of the economy despite challenges like health care reform and the lingering effects from October’s government shutdown.

Top 100 CPA firm Grassi & Co. has officially launched Grassi Technology Consultants, a new subsidiary that moves the firm further towards technology consulting and potentially larger clients, but away from reselling.