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The Financial Accounting Standards Board and the International Accounting Standards Board are taking different approaches to setting standards for rate-regulated utilities, and a FASB board member sees little prospect for an agreement.

The House Ways and Means Committee has approved legislation aimed at simplifying the many tax credits available for education.

The nonprofit Sustainability Accounting Standards Board has released provisional sustainability standards for industries in the nonrenewable resources sector, such as oil, gas and mining.

Cloud accounting and payroll technology provider AccountantsWorld has signed a strategic partnership with HBK CPAs & Consultants, a Top 100 accounting and wealth management services firm based in Youngstown, Ohio.

Fort Collins, Colo.-based Sample & Bailey CPAs PC will be joining Eide Bailly. The deal is set to close on August 4.

The founders of JDJ Resources Corporation have left Rothstein Kass Family Office Group to launch JDJ Family Office Services.

The Internal Revenue Service has posted an updated Foreign Financial Institution Agreement on its Web site for implementing the Foreign Account Tax Compliance Act, or FATCA.

PricewaterhouseCoopers has created a new video for YouTube featuring five women on the firm’s U.S. Leadership Team.

The American Institute of CPAs has sent a letter expressing strong concern with the Internal Revenue Service’s proposed voluntary certification program for tax return preparers, saying it “would cause significant legal problems that may ultimately frustrate the IRS’s goals, confuse the public, and lead to litigation.”

The Senate Finance Committee held a hearing Tuesday to examine ways to improve tax credits for education and lower student debt as part of the latest series of hearings on tax reform.

Boyd Falls, the former managing partner of Austin & Falls CPAs in Charlotte, N.C., has died.

Former fraudster and current FBI advisor Frank Abagnale has one response for people who regularly compliment his intelligence.

The IRS Electronic Tax Administration Advisory Committee presented its 2014 Annual Report to Congress during a public meeting Tuesday, with recommendations including the creation of an online IRS account for individual and business taxpayers and tax professionals.

Joseph Falbo has been tapped as president-elect for the New York State Society of Certified Public Accountants.

Last week, my team was able to achieve the highest of highs and lowest of lows. We celebrated in acquiring a new client that we sought to work with for the past two years. And we booed (or sighed in despair) when a colleague advised the firm that he would be transferring to a company in a different city. We hooted and hollered when the U.S. scored a goal to go up 2-1 on Portugal and we cried (literally for some of us) when Portugal scored in the last 30 seconds to tie the game.

The role of the finance team is expanding beyond traditional accounting and financial reporting function to include areas such as information technology development, cyber security and strategic business planning, according to a new survey by the American Institute of CPAs.

U.S. lawmakers argued late into the night over a computer hard drive that crashed in 2011, taking the controversy surrounding the Internal Revenue Service to a new level of acrimony.

The Supreme Court held Monday that securities fraud plaintiffs need not prove loss causation in order to obtain class certification.

Technology and consumer electronics vendors showed off some of their latest wares at last week’s Digital Experience mini trade show in New York.

A central character in the 14-month dispute in Congress over the Internal Revenue Service’s scrutiny of Tea Party groups is a computer hard drive.