The Boards of Directors for both the National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) have announced final approval of the proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs, the framework for the development, presentation, measurement and reporting of CPE programs.

The Financial Accounting Standards Board has announced the availability of the 2012 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. Securities and Exchange Commission.

In an email to tax professionals, the IRS said it has successfully completed the annual cutover activities for its Modernized e-File, or MeF, system, and can now accept tax year 2011, 2010 and 2009 business-related tax returns.

The Internal Revenue Service has reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.