Michael Cohn

The average audit fee increased to $3.01 million in 2023, up from $2.83 million in the previous cycle, according to a new report.

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have renewed their memorandum of understanding for another three years.

Kahn, Berman, Solomon, Taibel & Mogol in Hunt Valley, Maryland, is adding Varanko & Black CPAs, another firm in Baltimore County, effective Jan. 1, 2025.

The American Institute of CPAs has published a new guide on best practices for the accounting and valuation of business combinations such as M&A.

The Inflation Reduction Act extended the tax incentives for clean energy development project developers, and the new rules add more clarity.

The Committee of Sponsoring Organizations of the Treadway Commission published a framework for imposing internal controls over robotic process automation.

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

The private equity-backed firm invested in HM&M Advisory, based in Dallas, and Clark, Raymond & Co. in Redmond, Washington.

Cherry Bekaert acquires Katz Nannis + Solomon; Aprio adds two firms; Platform merges in DHS Advisors; and Delucchi Hawn joins PP&Co.