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The Securities and Exchange Commission has adopted that latest update to the U.S. GAAP Financial Reporting Taxonomy for filing financial statements using Extensible Business Reporting Language, or XBRL.

A trio of lawmakers in Congress have introduced a bill in the House that would modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear that appraisers of employee stock ownership plans are not fiduciaries under ERISA.

Apple Inc. Chief Executive Officer Tim Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes.

Industry specialization can help CPAs establish a marketing platform to amplify their firm’s reputation, reach and revenue.

In a report to the Spring Meeting of its Governing Council, the American Institute of CPAs gave a review of its 2013 forecast and its proposed 2014 budget that indicated that the institute was in healthy financial condition.

The Stickyboard 2 app essentially converts iPads to shareable, editable whiteboards with “sticky notes,” most commonly used in meeting and boardroom situations.

In a wide-ranging keynote address at the Spring Meeting of the Governing Council of the American Institute of CPAs, president and CEO Barry Melancon described an accounting profession in the midst of a variety of transformations.

Tom Hastings returns to BCG & Co. as chief operating officer. He will oversee the strategic financial planning for the firm and will also focus on developing, finding and retaining talent.

In a vote at its Spring Meeting, the Governing Council of the American Institute of CPAs authorized the board to offer the institute’s credentials overseas.

Abdo, Eick & Meyers LLP has merged with Francis & Associates PA. The merger will take effect on Nov. 1. 2013.

In a panel featuring members from industry at the Spring Meeting of Council of the American Institute of CPAs, institute vice president of xx Arleen Thomas shared some of the details of the upcoming exam for the Certified Global Management Accountant credential.

Wolters Kluwer has acquired Prosoft Tecnologia, a provider of tax and accounting software based in Sao Paolo, Brazil.

The American Institute of CPAs voted to allow changes in the definition of “attest” during its Spring Meeting of Council on Sunday in an effort to fend off competition from non-CPA firms and unlicensed CPAs who offer attest services using AICPA standards.

The Internal Revenue Service’s Large Business & International division and its Wage and Investment division have teamed up to create a discovery tool for taxpayers with international filing requirements.

New River Innovation has enhanced its Beyond415 WorkCenter and Beyond415 Guidance products, including a simplified user interface, interactive file system, automatically saved documents, and guidance on the core phases of tax practice and procedure work.

The Internal Revenue Service said it would refund fees collected for registered tax return preparer tests that were canceled due to a court injunction.

Workday vice president Mark Nittler explains why so-called "bolt-on" business intelligence offerings are soon to be replaced by embedded analytics.

Steven Miller, who is being forced out as acting commissioner of the Internal Revenue Service, said the agency has learned from its mistakes while denying that it had targeted nonprofit groups for review because of their political views.

The advocacy group Citizens for Responsibility and Ethics in Washington is continuing to press ahead with a lawsuit against the Internal Revenue Service to force it to reject tax exemptions from political groups, despite a high-profile scandal over improper screening of Tea Party and other conservative groups.

Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh sat down with managing editor Tamika Cody to discuss some of the obstacles women in the accounting profession face when trying to make their way into leadership positions.