Audit & Accounting

The Private Company Financial Reporting Committee announced its inaugural members on Tuesday.

The heads of the major accounting regulators in the United States and the European Union agree that they are on the same page in heading towards convergence of standards.

J.H. Cohn LLP has announced firm revenues of $175.2 million for its 2007 fiscal year, up 22 percent from the same period a year ago.

In a new report, proxy researcher Glass Lewis & Co. said that U.S.-listed companies filed 1,538 financial restatements in 2006, up 13 percent from what had been a record number in 2005.

I believe there are two keys to success, whether a sole practitioner or a regional firm. They are simple when you say them, but that simplicity can be deceiving. The two are providing quality service, and establishing a reputation for doing so and continuing to do so.

A $170-million malpractice suit against BDO Seidman has been sent back to square one, after a Miami judge declared a mistrial.

The Internal Revenue Service completed a round of staff cuts in recent weeks, letting go nearly 100 employees from the division that oversees gift- and estate-tax returns, according to published reports.

Grant Thornton LLP, the U.S. member firm of Grant Thornton International, reported that its revenues for the 2006 calendar year were up 18.2, to $940 million.

Several years ago, my once-reliable station car suddenly became harder to start than a fire with damp kindling.

For the past year, the Securities and Exchange Commission has been investigating how Google accounted for its income taxes, according to the online search giant’s 2006 annual report.