Audit & Accounting

The Financial Accounting Standards Board has released a staff position officially deferring the effective date of FASB Interpretation 48, "Accounting for Uncertainty in Income Taxes," for nonpublic pass-through entities and nonprofit organizations, and released guidance on accounting for the assets in postretirement plans.

Susan G. Markel, chief accountant of the Securities and Exchange Commission's Division of Enforcement, is stepping down after 14 years at the agency.

The Center for Audit Quality has released a paper to provide guidance on applying accounting standards to residential mortgage modifications.

The court-appointed trustee for the liquidation of Bernard Madoff's investment securities firm has received $29 million from the disgraced asset manager's bank account that he plans to distribute to defrauded investors.

The Treasury Department plans to purchase $5 billion in equity from GMAC, and lend another $1 billion to the automobile-financing company.

The Treasury Department released a letter with responses to 10 questions posed by a recent report that criticized its management of the Troubled Asset Relief Program.

The International Accounting Standards Board and the Financial Accounting Standards Board have attracted a set of high-profile members from around the world to form an advisory group on the financial crisis.

Once again it’s the time of year for me to make resolutions that I probably won’t keep for five minutes.

The Securities and Exchange Commission has released its eagerly anticipated report on mark-to-market accounting calling for improvements in fair value accounting standards, but not suspension of them.

The Securities and Exchange Commission has modernized its oil and gas company reporting requirements for the first time in more than 25 years.