The Latest

Patricia Cummings, the co-managing partner of Citrin Cooperman's New York office, discusses how accounting firms should use diversity initiatives to enable more women and minority accountants to be hired and advance through the ranks, in an interview with Accounting Today managing editor Tamika Cody.

The Public Company Accounting Oversight Board has announced a settled disciplinary order against a partner of Grant Thornton Taiyo ASG LLC, Grant Thornton’s member firm in Japan, for his failure to properly address numerous risks of material misstatement of which he was aware in a 2010 audit of Baldwin-Japan Limited.

The $1.1 trillion spending bill passed by Congress this week and signed into law by President Obama on Tuesday contains a provision directing the Treasury Department to implement uniform standards for taxpayers claiming refundable credits such as the Earned Income Tax Credit to stem improper payments.

Certified Financial Planner Board of Standards, Inc. (CFB Board) announced on Wednesday the formation of the Women's Initiative (WIN) Council - a group of experts supporting and advising CFP Board in its efforts to increase the overall number of women entering the financial planning profession, including women CFP® professionals.

To be more efficient, retain clients for the long-term, and continue building solid relationships to receive more referrals, accounting firms must be willing to change the way they work with their clients.

The Sustainability Accounting Standards Board has released a set of provisional sustainability accounting standards for 10 industries within the services sector.

The Securities and Exchange Commission has imposed sanctions against Baker Tilly Hong Kong Limited and two of its accountants for failing to properly audit year-end financial statements of a company that the SEC has charged with fraud.

Congress’s long-awaited passage of tax extenders legislation provides a short-term extension through only the end of this year of dozens of familiar tax breaks for businesses and individuals, along with a new savings program for the disabled.

Gallina LLP is expanding to Utah by combining with the public accounting firm Leverich Group in Midvale, near Salt Lake City.

Last month, from Nov. 17-19, the Virginia Society of Certified Public Accountants (VSCPA) held the 2014 VSCPA Leadership Academy for young professionals at the CPA Center in Glen Allen, Va. The annual program is designed for young professionals to find out what leadership looks like in today’s accounting world.