Audit & Accounting

KPMG International has named a deputy chairman.

As more clients are confronted with shrinking retirement portfolios, layoffs and hardship getting bank loans for their business and personal needs, accountants are being asked for advice on how to survive through lean times.

The American Bankers Association has written to the Securities and Exchange Commission demanding that it override the Financial Accounting Standards Board's guidance on fair value accounting.

The former CEO and CFO of drug store chain Duane Reade were indicted on fraud charges for allegedly inflating the company's income.

KPMG plans to contribute $1.5 million over the next five years to a village in Tanzania as part of a poverty relief project.

The Tax Court has amended its rules of rules of practice and procedure for whistleblower actions, making it easier for informants to keep their identities confidential.

The Securities and Exchange Commission named Dr. Amy Edwards to the post of Assistant Chief Economist for Markets and Intermediaries in the agency's Office of Economic Analysis.

The Trustees of the International Accounting Standards Committee Foundation gave the International Accounting Standards Board the go-ahead to suspend due process rules in order to accelerate their response to the credit crisis.

The Financial Accounting Standards Board issued two separate but related exposure drafts proposing standards on going concerns and subsequent events.

For taxpayers that converted a traditional IRA to a Roth IRA in 2007, October 15 is the last chance they have for redemption, according to Mike Martin of Mike Martin and Associates.