Audit & Accounting

Presidential hopeful Sen. Barack Obama, D-Ill., released the 2007 tax return for himself and his wife Michelle.

The Internal Revenue Service said it would be watching to make sure charities and religious organizations don't violate their tax-exempt status by engaging in political activities this campaign season.

The Internal Revenue Service has put out a call for a priority list of items it should address with its upcoming guidance.

Private businesses across the U.S. and around the world are paying significantly more for staff than they did a year ago, according to a report by Grant Thornton.

Golf Trust of America, a former real estate investment trust, said it has selected Cherry Bekaert & Holland as its audit firm, replacing BDO Seidman.

PCAOB to Consider New Ethics and Independence Rule

The Securities and Exchange Commission will decide next Monday on its plans for any requirements and timeline for public companies to file their financial statements in an interactive data format.

CPAs who conduct valuations in the normal course of their practices are now required to comply with detailed standards.

The Internal Revenue Service has released draft instructions for the redesigned Form 990, the return that tax-exempt organizations such as nonprofit charities, hospitals and universities must file annually.

KPMG said it has set a goal of reducing its member firms' carbon emissions by 25 percent between 2007 and 2010 as part of a "global green initiative."