Audit & Accounting

The Public Company Accounting Oversight Board has published guidance to help auditors apply Auditing Standard No. 5 to audits of internal controls at smaller public companies.

Newly approved Treasury Secretary Timothy Geithner moved to provide more transparency in the controversial Troubled Assets Relief Program by posting investment contracts on the Internet.

KPMG has named John Veihmeyer as the new CEO of its U.S. member firm, KPMG LLP, as Timothy Flynn assumes the role of chairman of KPMG International’s newly formed Global Executive Team.

The Senate Finance Committee has approved approximately $522 billion in tax cuts, incentives and investments by a vote of 14-9.

Congress and the Obama administration are crafting what is shaping up to be the single most expensive spending bill in American history, and nobody can agree on whether it will work.

The Senate Finance Committee is considering President Obama's economic stimulus package as leaders call for increased tax cuts.

Accounting firms Blum, Shapiro & Co., and Nishball, Carp, Niedermeier, Pacowta & Co., have merged, building Blum's presence in Connecticut.

South Florida accounting firm Daszkal Bolton is the latest to offer services to clients who have suffered losses from Bernard Madoff's $50 billion Ponzi scheme.

One of the fastest-growing practice niches among CPA firms over the past several years, forensic accounting has ushered in an era in which CPAs are in constant demand as expert witnesses and in other litigation support capacities.

Here's a smart idea for all you financial planners out there. Target the children of your Baby Boomer clients. Read more on the Accounting Tomorrow blog.