Audit & Accounting

The Senate has unanimously approved a $15,000 tax credit for individuals who purchase a home in the next year.

McGladrey & Pullen has been sued by a hedge fund for failing to detect red flags in Bernard Madoff’s investment schemes, leading the hedge fund to lose $280 million.

It’s no surprise the TARP has turned out to be such a murky endeavor, since even the name of the controversial bailout program has been in doubt from the beginning.

Private sector employers slashed 522,000 jobs last month, according to the latest report by payroll giant ADP.

Accounting firm Barfield Murphy Shank & Smith has formed a group to help restructure struggling small companies.

A survey of small business owners showed signs that some are less worried about the economy than they were three months ago.

New guidance aims to help organizations better monitor the effectiveness of their internal control systems.

The majority of U.S. companies are making multiple adjustments in their pay and hiring programs for both executives and employees in response to the financial crisis, according to a new survey.

Even with the current downturn in the real estate market, like-kind exchanges continue to be a popular way to dispose of property while deferring the taxable gain.

There has been talk, and some hope, that the current financial crisis might be the perfect storm for tax reform, allowing the Obama administration to push through significant policy changes.