Audit & Accounting

Baby Boomers planning for retirement need to stick to a budget, according to one tax expert.

With tax season coming up, the IRS is reaching out to tax-exempt organizations and preparers to spread the word about the revised Form 990 and the extra information it will require.

Accounting students said career opportunities would be their primary consideration when choosing an employer, according to a new survey by KPMG.

At long last, the SEC has published its proposed roadmap for the transition to International Financial Reporting Standards, but the “date certain” is as uncertain as ever.

SEC Chairman Christopher Cox acknowledged that the mortgage meltdown may have started in the United States, but he pointed the finger at other countries for helping create a global economic crisis.

A large majority of CPA firms reported continuing strong growth during the past two years, according to a new survey by the American Institute of CPAs and the Texas Society of Certified Public Accountants, but the survey was taken before the financial crisis hit home in recent quarters.

Significant opportunities still exist for optimization of Sarbanes-Oxley Section 404 programs and reductions in compliance cost, according to a new report.

In an article entitled “Address Going-Concern Issues as Early as Possible,” in Camico’s Impact Fall 2008 newsletter, the professional liability insurer offers the following advice: “Going-concern issues should be addressed as early as possible in an engagement. …. Delay makes the necessary conversations more difficult, may impair your objectivity, and usually exacerbates the problem.”

The Securities and Exchange Commission has published its long-delayed roadmap for the transition to International Financial Reporting Standards.

The Securities and Exchange Commission has charged Dallas Mavericks owner Mark Cuban with insider trading charges stemming from his sale of 600,000 shares of the search engine Mamma.com.