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The American Accounting Association reassured its members last week about its legal standing after a professor raised questions about several errors in the series of entities set up by the group of accounting educators and researchers.

It looks as though the time has come for comprehensive patent reform, which includes the banning of tax strategy patents.

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Cheri H. Freeh, a CPA and principal with Quakertown, Pa.-based Hutchinson, Gillahan and Freeh PC, was elected 2011-2012 president of the Pennsylvania Institute of CPAs at its annual meeting.

Many CPAs in the U.S. already have some knowledge of International Financial Reporting Standards and have begun to develop greater expertise as U.S. and global authorities work to converge U.S. GAAP with IFRS, according to a new survey by the American Institute of CPAs.

The National Society of Accountants and its affiliates have selected Thomson Reuters Checkpoint Learning brand as the exclusive affinity provider for webinars that award continuing professional education credit.

Four people associated with a Bronx tax preparation business have been charged with participating in a scheme to file fraudulent federal income tax returns using the identities of others and one has been accused of threatening IRS agents.

The Internal Revenue Service has increased the optional standard mileage rates for the final six months of 2011, in response to higher fuel prices.

Some of the 2,200 databases that the Internal Revenue Service uses to manage and process taxpayer data are not configured securely, are running out-of-date software, and no longer receive security patches, according to a new government report.