The AFL-CIO wants to know more about the role that the major accounting firms might have played in the handling of stock options grants the government is now investigating.

In a move to keep the United States ensconced as the financial capital of the world, a newly formed commission will recommend changes to the Sarbanes-Oxley Act and other regulatory mandates it judges to encumber domestic capital markets from remaining competitive.

The Employee Benefits Security Administration, part of the Labor Department, is seeking comment on its plans to update guidance on the independence of accountants who audit employee benefit plans.

The Canadian government has pledged $1 million over the next five years to the International Federation of Accountants' board that governs public company accounting.

The fact that the Securities and Exchange Commission last week filed a 46-page legal brief supporting the constitutionality of the Public Company Accounting Oversight Board to me was not as surprising as the fact they had to do it at all.

As previously announced, the Internal Revenue Service will soon begin charging user fees for the residency certification letters commonly used to avoid foreign value added taxes.

After a five-year effort, the American Society of Appraisers is taking credit for some of the provisions contained in the Pension Protection Act of 2006.