Tax, accounting, auditing news - Journal of Accountancy

April 21, 2015

Doughtie to become first female CEO of KPMG in U.S.

KPMG in the United States has elected Lynne Doughtie, CPA, as its next chairman and CEO, adding to the growing ranks of women in prominent leadership positions in the accounting profession.

April 21, 2015

As cyberbreaches rise, consumers alter spending, browsing habits

The percentage of Americans who have fallen prey to an information security breach has risen to 25% from 11% the previous year, a new AICPA survey found.

April 16, 2015

Millions of taxpayer phone calls went unanswered by IRS this tax season

The interim report for the 2015 filing season revealed that the average time a taxpayer calling the IRS for assistance had to wait was 24.6 minutes, up from 11.7 minutes last year, and that very few taxpayer calls were actually answered.

April 16, 2015

New FASB standards keep focus on simplification

FASB issued separate accounting standards Wednesday that are designed to simplify reporting of certain employer retirement obligations and assets, as well as provide explicit guidance about how to account for fees paid in a cloud-computing arrangement.

April 16, 2015

CPAs select security as top technology priority

A steady stream of high-profile cybercrimes involving corporate and customer data has captured the attention of North American accounting professionals, who ranked IT security as their top technology priority.

April 16, 2015

Americans’ financial happiness on the rise

Americans’ financial well-being improved this quarter, as indicated by a 6.5-point rise in the AICPA’s Personal Financial Satisfaction Index (PFSi).

April 13, 2015

IRS grants penalty relief to taxpayers who received incorrect health care forms

The incorrect forms generally included the monthly premium amount of the second-lowest-cost Silver plan for 2015 instead of for 2014.

April 10, 2015

Wife of anti-tax author sentenced to prison

Doreen Hendrickson, wife of tax protester author Peter Hendrickson, who wrote the antitax book Cracking the Code, has been sentenced to 18 months in prison for criminal contempt after failing to file amended tax returns as ordered by a court and for filing a false return.

April 10, 2015