Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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A new report shows that, increasingly, the respondents in Public Company Accounting Oversight Board enforcement actions are firms, rather than individuals.
April 10 -
The new standard represents one of the biggest changes to IFRS in decades.
April 10 -
Crete Professionals Alliance added Reid Tax & Advisory Services; and Financial Independence joined Level Four Financial.
April 10 -
The board imposed its largest-ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines.
April 10 -
The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large corporations.
April 9 -
The Public Company Accounting Oversight Board voted to propose an extensive set of new reporting requirements to impose on auditing firms.
April 9 -
The free tax program will now import a taxpayer's information from the previous year, as a report finds the program could cost the IRS considerably more than the estimated $249 million per year to maintain.
April 9 -
The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.
April 9 -
The Securities and Exchange Commission has temporarily stayed its climate-related disclosure rule amid a rash of lawsuits.
April 8 -
The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.
April 8 -
The Treasury reported increasing usage of the free tax-filing system that they've been pilot testing in a dozen states this tax season.
April 8 -
Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.
April 3 -
Accounting-related class-action lawsuit filings and settlements both increased in 2023, according to a new report, even though the cases took longer to be filed.
April 3 -
It was the first hiring increase so far this year, according to Paychex, though it remained below pre-pandemic levels.
April 3 -
Private sector employers added 184,000 jobs in March as annual pay rose 5.1% year over year, payroll company ADP reported.
April 3 -
Thomson Reuters recently closed its $800 million acquisition of Pagero, a Swedish e-invoicing company, placing a big bet on the future of electronic invoicing amid wider changes in international tax and accounting.
April 3 -
Maxwell Locke & Ritter sold its wealth management unit to Creative Planning, and Wright, Ford, Young & Co. teamed up with Integrated Partners.
April 2 -
GRF CPAs & Advisors, a Regional Leader firm in Maryland, rivals the Big Four in its DEI efforts and commitments.
April 2 -
WithumSmith+Brown added a firm in Philadelphia that mainly serves nonprofit and government organizations.
April 1 -
The Public Company Accounting Oversight Board sanctioned PricewaterhouseCoopers' member firms in the U.S. and Australia over auditing quality control violations, imposing a $2.75 million and $600,000 penalty.
March 28
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