Organization Root Tag

NYU accounting professor Baruch Lev on three ways standard-setters can significantly improve their agendas.

A federal jury convicted a former Internal Revenue Service IT specialist on fraud charges for stealing a victim’s identity and using it to buy $58,000 worth of plane tickets, hotel rooms and home-remodeling materials.

The Governmental Accounting Standards Board released a proposed concepts statement to guide GASB when establishing note disclosure requirements for state and local governments.

The pandemic and financial crimes; another provider leaves; why CRM and accounting don’t mix; and other highlights from our favorite tax bloggers.

Despite enhancements already made to audit quality, the audit profession will never rest on its laurels.

Over half of public companies have overhauled their financial processes in the past year, according to a Deloitte survey.

The exposure draft covers various accounting and financial reporting issues that were identified during implementation, application, and due process on GASB standards.

Withum merges in OUM; and Whitley Penn plans to add Werlein & Harris.

The Financial Accounting Standards Board released an accounting standards update Monday to help lessors account for leases with variable lease payments.

Intuit has decided to leave the Free File Alliance after coming under criticism for making it difficult to access a truly free version of TurboTax.

The Internal Revenue Service has begun offering online Tax Pro Accounts that practitioners can use for submitting an authorization request to an individual client’s own taxes online with the IRS.

The Public Company Accounting Oversight Board announced that 253 U.S. students have received $10,000 scholarships to fund their paths to becoming auditors.

The increased funding for the IRS as a way to boost tax revenue was dropped after it emerged that Democrats intend to include the measure in their bigger budget bill.

The Institute of Management Accountants officially appointed J. Stephen McNally as chair of the IMA’s global board of directors, and he plans to focus on the organization’s growing presence internationally.

The Internal Revenue Service’s Office of Chief Counsel posted a memorandum on cost-sharing agreements with reverse clawback provisions and their implications for transfer pricing arrangements and stock-based compensation.

Ripple has said the SEC can’t regulate XRP because, as a virtual currency used in international and domestic transactions, it’s a medium of exchange and not a security.

The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts.

The Internal Revenue Service has launched a campaign this summer to persuade tax professionals to improve their cybersecurity amid an escalating series of ransomware attacks around the world.

The IRS and the Treasury started disbursing advance monthly payments Thursday of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.

The cryptocurrency exchange has been touting letters from IRS and FBI agents praising its cooperation.