Audit & Accounting

The Internal Revenue Service has released its revised instructions for the redesigned Form 990 that tax-exempt organizations must submit.

Ascend, the national Asian-American society of accountants, held its first major conference in New York this week.

Deloitte & Touche has signed a memorandum of understanding with Canadian accounting firm Scott Rankin & Gardner for a potential merger.

The American Institute of CPAs is helping to promote a movie on the financial challenges facing the U.S. today.

Accounting firm Citrin Cooperman has appointed longtime partner F. Wayne Holton CEO.

The Securities and Exchange Commission unveiled its next-generation system for online financial filings, IDEA, the successor to its EDGAR database.

A group representing financial executives has written to the Financial Accounting Standards Board asking to exempt private companies from the requirements of FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes."

I write the "M&A" update box in Practical Accountant's Profession Watch section, and one of the details we give for firms recently merged or acquired is "Niches/Concentrations."

The Public Company Accounting Oversight Board has issued its latest inspection report on KPMG, listing deficiencies in several sample audits conducted by the firm.

More than 65 percent of the CFOs and 70 percent of the audit committee members surveyed by accounting firm Crowe Chizek cited managing enterprise risk as the biggest challenge facing their organizations over the next 12 months.