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The Securities and Exchange Commission said Monday it will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL.

KPMG stepped down as FIFA’s auditing firm as soccer’s world governing body races to clean up a reputation dented by allegations of bribery and corruption.

The Connecticut Society of Certified Public Accountants (CTCPA) announced last week that the Society has presented two Connecticut accounting educators with their 2016 Educator of Excellence awards at the organization’s Recognition Reception held in Plantsville.

The Internal Revenue Service has issued a revenue ruling clarifying when a real estate developer can exclude cancellation of debt income under the qualified real property business indebtedness exclusion in Section 108(a)(1)(D) of the Tax Code.

The IRS has announced the winners of its first crowdsourcing competition, the “Tax Design Challenge,” that encouraged innovative ideas for the taxpayer experience of the future.

Wolters Kluwer Tax and Accounting has introduced technology to help audit automotive and equipment dealerships.

A roundup of recent expansions, additions, new services and other news from firms across the country.

A roundup of recent hires, promotions, awards and other personnel news from firms across the country.

Thomson Reuters has released PPC’s Practice Aids for Audits of Form 11-K Benefit Plans to guide professionals auditing defined contribution plans that are required to file Form 11-K with the U.S. Securities and Exchange Commission.

Staggered terms of board directors at public companies have fallen out of favor in recent years, in part because they give shareholders less influence over management, and new research suggests a staggered board structure could also hurt the effectiveness of audit committees.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

CPA Ontario announced on Friday that Logan Joyce, of Kingston's Holy Cross Catholic Secondary School, placed first in the Chartered Professional Accountants of Ontario's 2016 COIN Competition. The organization held its annual competition on May 4 this year, which looks to give high school students considering a CPA career the opportunity to complete a 75-question, multiple-choice quiz.

The Internal Revenue Service did not resolve over 159,000 injured spouse cases in a timely way, resulting in the unnecessary payment of millions of dollars in interest, according to a new government report.

When K.E. Andrews suffered a ransomware attack, it not only lost valuable data, but about a week’s worth of work that had to be restored.

Perkins & Co, the largest locally owned accounting firm in Portland, Ore., plans to merge in Thompson Kessler Wiest & Borquist PC, a local boutique firm, on July 1.

Alexander Hamilton introduced the idea of federal taxes. Broadway producers enjoying a record season buoyed by his namesake musical are lobbying Congress to limit what they owe.

KPMG announced this week the launch of the KPMG Future Leaders Program - a new charitable initiative that looks to develop future women leaders. Also of note, KPMG announced that former Secretary of State Condoleezza Rice will serve as ambassador to the program.

A roundup of our favorite recent tax fraud cases.

The trustees of the IFRS Foundation have suggested a number of amendments to its constitution.

This year, for the first time ever, employers will begin receiving notices from the Federally Facilitated Marketplace indicating that one of their employees signed up for health coverage through the Marketplace and received advanced premium subsidies for that coverage.