Michael Cohn

The American Institute of CPAs submitted a set of legislative priorities in a letter to congressional leaders, suggesting possible changes to the tax rules.

Small businesses may have been caught unawares by the earlier tax deadline for filing their taxes, but they can still file for an extension.

The continuing resolution that the Senate narrowly approved included the extension of a $20.2 billion rescission in the Internal Revenue Service's budget.

The threat of a government shutdown receded Friday, but the IRS would nevertheless still operate during tax season, even at lower capacity, in the event of a shutdown.

The Trump administration has been rapidly backing away from the various green energy tax incentives offered under the Biden administration.

The International Federation of Accountants finalized revisions to embed sustainability throughout training of accountants.

The Public Company Accounting Oversight Board staff released a new publication aimed at helping firms complete Form AP.

Accounting jobs that allow employees to work remotely may be disappearing as more employers demand people return to the office.

A bipartisan group has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

The Securities and Exchange Commission dramatically pulled back on accounting and auditing enforcement last year after two years in a row of increases.

Internal auditors are taking on more responsibilities, leveraging generative AI for tasks such as audit planning and reporting, says a new IIA report

The Public Company Accounting Oversight Board imposed $3.375 million in fines on KPMG firms in Australia, Brazil, Canada, Israel, Italy, Mexico, South Korea, Switzerland and the U.K.

The Top 50 Firm is expanding further in Canada by adding locations in the greater Toronto area and Calgary.

The possible rule changes would affect the alternative practice structures set up by accounting firms receiving private equity financing.

The Apax Partners deal will add more capabilities for the firm to expand geographically in its existing areas as well as new territory.

The American Institute of CPAs is monitoring the situation at the IRS amid reports of heavy layoffs, stressing the need to maintain services during tax season.

CPA business executives' outlook on the U.S. economy appears to be dimming, thanks to inflation and growing worry over tariffs, says a AICPA & CIMA survey.

The American Institute of CPAs is providing a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.

Enforcement activity was more muted in the second half of the year, due to a Supreme Court decision and multiple lawsuits against the PCAOB, says a new report.

The Institute of Internal Auditors has released a draft version of proposed requirements on third-party governance, risk management and control processes.