Michael Cohn

Editor-in-chief, AccountingToday.com

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.

CECL

CECL delay gives small banks more time to get ready

Small banks are likely to benefit from the proposed delay, allowing them to learn the lessons from larger banks that have already begun using the new rules.

By Michael Cohn

September 13
Tax regulations

IRS finalizes rules for 100% depreciation deduction

The tax break allows businesses to write off most depreciable business assets during the year they are placed in service.

By Michael Cohn

September 13
Accounting standards

FASB revises proposed standard for balance sheet debt classifications

The board is amending its guidance for determining whether debt should be classified as a current or noncurrent liability in a classified balance sheet, in response to input from private companies.

By Michael Cohn

September 12
M&A

MGO acquires Schwartz & Co.

Macias Gini & O'Connell, based in Los Angeles, is expanding its presence in New York, particularly in the financial services, cannabis and entertainment industries.

By Michael Cohn

September 12
Audits

Audit committees making more disclosures

Public companies and their audit committees are revealing far more about their auditing firms, audit fees and audit partners this year, according to a new report from Ernst & Young.

By Michael Cohn

September 11
Cryptocurrencies

Unclaimed property rules can apply to lost cryptocurrency

The deadline is approaching soon for many businesses to file their reports on unclaimed property, and now they might want to include lost bitcoins and forgotten cryptocurrency passwords.

By Michael Cohn

September 11
PCAOB enforcement

Marcum sanctioned by PCAOB for promoting audit clients as investment opportunities

Marcum and Marcum Bernstein & Pinchuk plugged some of their clients at investor conferences in violation of auditor independence requirements.

By Michael Cohn

September 11
M&A

IRS lacks strategy for dealing with tax compliance after M&A deals

The Internal Revenue Service needs to have a better strategy for determining the tax compliance or noncompliance of corporations that do mergers and acquisitions, according to a new report.

By Michael Cohn

September 10
Deloitte

Deloitte sees global revenue grow to $46.2B

The firm reported its 10th consecutive year of worldwide growth, with revenue increasing $3 billion over the previous fiscal year.

By Michael Cohn

September 10
CECL

AICPA issues auditor practice aid on CECL standard

The document can help auditors with the allowance for credit losses under the new standard for measuring credit losses on financial statements.

By Michael Cohn

September 9