The Latest

The majority of Americans prefer long-term financial planning over get-rich-quick schemes, according to a new survey.

The IRS is taking a “formalistic approach” in interpreting its own Section 6011 regulations on disclosing reportable transactions, but not following its own rules on which tax years to assess the Section 6707A penalty.

Fayezul Choudhury, the new CEO of the International Federation of Accountants, discusses his priorities as the head of the organization in an interview with AccountingToday.com editor-in-chief Michael Cohn.

The Securities and Exchange Commission has charged Capital One Financial Corporation and two of its senior executives with understating millions of dollars in losses on auto loans in the months leading up to the financial crisis.

The New Jersey Society of CPAs’ Scholarship Fund, the largest professional scholarship program in the state, will award more than $460,000 to high school and college students this year.

U.S. management-level accounting and finance employees work an average of 48 hours in a standard week, while non-management staff work an average of 42 hours, according to a new report.

Grant Thornton LLP has promoted Frank Kurre to office managing partner for its New York practice.

The Public Company Accounting Oversight Board has issued a formal policy statement in an effort to get more cooperation from public accounting firms in assisting with the PCAOB’s investigations of their audits.

Free online accounting software maker Wave is now offering an iOS payroll tool as a companion app to their online payroll product.

Microsoft confirmed it is trying to establish a BPO program for accounting firms behind cloud versions of its Dynamics NAV and GP ERP products.