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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Ernst & Young issued a major mea culpa following a failed split of the firm.
February 28 -
The 83 publicly disclosed accounting and auditing enforcement actions in FY 2023 represented the highest number of actions initiated since FY 2019.
February 28 -
The Internal Revenue Service is reopening access Tuesday to its Direct File free online tax prep system after temporarily closing it to new users.
February 27 -
The Internal Revenue Service issued a notice granting an administrative exemption from the electronic filing requirements for the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
February 27 -
The Public Company Accounting Oversight Board is proposing a new rule to prevent auditing firms from making false or misleading statements about being registered or overseen by the PCAOB.
February 27 -
The Regional Leader has added a firm that offers financial guidance to businesses and nonprofit organizations in the Atlanta area.
February 26 -
The Federal Trade Commission filed a complaint against tax prep giant H&R Block accusing the company of deceptively marketing "free" online tax filing.
February 26 -
The Internal Revenue Service issued a FAQ on a program that offers help to farmers, ranchers and forest landowners who experienced discrimination by the USDA in farm lending.
February 23 -
It's not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.
February 23 -
The changes underway in setting global taxes are leading to confusion for many countries that authorities are trying to alleviate.
February 23 -
Most companies are providing some disclosures about their sustainability efforts, but not as many are getting assurance on their numbers from auditing firms.
February 22 -
The Internal Revenue Service's Direct File pilot program has expanded beyond internal testing of its free tax prep system to taxpayers in a dozen states.
February 22 -
The report casts a skeptical eye on the PPLI industry, claiming it functions as a tax shelter for a few thousand millionaires and billionaires.
February 21 -
The Public Company Accounting Oversight Board levied a $2 million fine against WithumSmith+Brown for violating quality control rules.
February 21 -
The Internal Revenue Service will be scrutinizing the use of corporate jets, focusing on big corporations and partnerships, as well as high-income taxpayers.
February 21 -
The Public Company Accounting Oversight Board levied sanctions and penalties against four auditing firms as part of a sweep.
February 20 -
The Internal Revenue Service's Criminal Investigation unit has been investigating bogus claims for the Employee Retention Credit and educating tax pros about the problems they can encounter.
February 20 -
The Georgia-based firm is expanding to South Carolina in its first M&A deal since 1978.
February 20 -
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
February 16 -
The International Ethics Standards Board for Accountants has proposed new rules to help auditors steer companies away from greenwashing.
February 14
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