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The countdown is on for 2018, as new international accounting rules, IFRS 15 for international countries and ASC 606 for the U.S., will change the way companies need to manage revenue recognition.

The Internal Revenue Service spent $12 million to subscribe to a Microsoft enterprise email system that it was ultimately unable to use, according to a new report.

Global business confidence reached a 12-month high in the third quarter of the year, according to a new poll by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

The AICPA announced on Tuesday the graduating class of the 2016 AICPA Leadership Academy. 37 young leaders in accounting participated in the four-day program at the Washington Duke Inn in Durham, N.C. earlier this month.

Accounting firm management expert Gary Shamis is departing BDO USA LLP to found his own consultancy, Winding River Consulting, in Cleveland.

The United Arab Emirates is setting up a federal tax authority that will be in charge of collecting levies, as the oil-rich Gulf nation seeks to diversify its revenue base with value-added taxation.

Just as important as communicating openly with your employees – and arguably much harder -- is making sure they communicate openly with you.

Highlights of some of our favorite tax-related blogs from the past week.

Parsing the new partnership audit rules

The 4th Annual Accounting Firm Operations and Technology Survey is now open to participants.

GASB issued an exposure draft of a proposed implementation guide on the requirements of GASB Statement No. 74, "Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans."

The Social Security Administration announced that benefits will increase 0.3 percent in 2017.

The fifth edition of our annual report highlights eight outstanding accounting firm leaders.

Last month, at their Leading Partners Retreat and Firm Administrators Roundtable, CPAmerica International introduced their new RISE Inclusion Initiative - a complimentary career development program for member firms.

Comedian Harry Shearer is suing the company that owns the rights to “This is Spinal Tap,” claiming that it has shortchanged the film’s creators through fraudulent accounting.

The Public Company Accounting Oversight Board announced a cooperative agreement with the audit regulator of Finland, the Finnish Patent and Registration Office.

A new app, TaxDay, has been released that helps users stay tax compliant while traveling across state lines.

Transparency is one of the prime hallmarks of the members of Accounting Today’s Best Firms to Work For – and the numbers prove it.

The trustees of the IFRS Foundation, which oversees of the International Accounting Standards Board, have appointed Sue Lloyd as vice chair of the board.

Big Four firm Ernst & Young has agreed to pay more than $11.8 million to the Securities and Exchange Commission for failing to detect fraud in its audits of an oil services company.