Organization Root Tag

The trustees of the Financial Accounting Foundation reappointed Candace Wright as chair for a second three-year term on Tuesday, while also reappointing two other members to another two-year term.

The Internal Revenue Service provided initial guidance Tuesday on how to deal with the rule changes surrounding the executive compensation deduction after passage of the Tax Cuts and Jobs Act last year.

The Internal Revenue Service has issued a private letter ruling allowing an unnamed employer to make 401(k) contributions on behalf of employees who are repaying their student loans.

The Internal Revenue Service has issued a notice soliciting comments on how to apply a new section of the tax code that was added by the Tax Cuts and Jobs Act pertaining to the unrelated business income taxes for otherwise tax-exempt organizations.

While it cannot guarantee any negative publicity will result from an issue, it can help to manage the situation and minimize the reputational damage.

Steinhoff International Holdings NV suspended former Chief Financial Officer Ben La Grange and ex-director Stehan Grobler in the first action taken against current employees of the company following an accounting scandal.

The Public Company Accounting Oversight Board released a report Monday on its inspections last year of auditors of brokers and dealers, indicating a continuing high number of audit deficiencies overall, albeit with fewer independence violations than in previous years.

The Financial Accounting Standards Board released a proposed accounting standards update Monday to amend the transition requirements and scope of the credit losses standard that it issued in 2016.

A group of CPAs is stepping up its efforts to force the American Institute of CPAs to change its decision about opening the Accredited in Business Valuation credential to non-CPAs.

For KPMG, another week, another rebuke from U.K. accounting regulators.

Last week, Medtronic Plc suffered a legal setback in its bid to avoid a $1.4 billion U.S. tax bill — a ruling that may have costly implications for other multinationals battling the Internal Revenue Service over the use of overseas payments to lower their taxes.

The relatively new health plan offers tax benefits accountants should know about.

The decision legitimizes a voluntary IRS program that allows participants a limited right to represent taxpayers in IRS audits.

The Securities and Exchange Commission voted Friday to simplify some of its disclosure requirements that have become outdated, duplicative or overlapping because of changes in the information environment or U.S. GAAP, or because of other SEC disclosure requirements.

President Donald Trump brought a long-simmering debate on Wall Street to the surface Friday when he prodded regulators to look into scaling back how often publicly traded companies report financial results.

Millions of small businesses selling online; the return of retro technology; and eight other developments accountants and their clients need to know about.

PNC Financial Services Group Inc. received subpoenas from federal prosecutors in Florida over practices related to its purchases of low-income housing tax credits, according to two people familiar with the matter.

The decision has implications for small to midsized businesses that must adapt to remain compliant.

The Internal Revenue Service is continuing to close Taxpayer Assistance Centers around the country, despite recommendations to the contrary from the National Taxpayer Advocate and the Senate Appropriations Committee.

Aimed at small-business users, the software integrates with the vendor's Accounting CS.