Audit & Accounting

  • 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.

    March 6
  • 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.

    March 6
  • 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.

    March 6
  • A $170-million malpractice suit against BDO Seidman has been sent back to square one, after a Miami judge declared a mistrial.

    March 6
  • 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.

    March 5
  • 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.

    March 5
  • Several years ago, my once-reliable station car suddenly became harder to start than a fire with damp kindling.

    March 5
  • 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.

    March 5
  • A board within the International Federation of Accountants is seeking comment on its exposure draft that addresses what auditors should consider when dealing with related parties and related-party transactions.

    March 5
  • You hear over and over again that your money has to outlive you, even for an hour. When I talk to friends and family about various financial planning aspects, the most feared one is exactly that...outliving money.There is this woman, age 91, that I know. She is a widow, in relatively good health, has a house that is fully paid (no mortgage), has a Social Security check that comes in each month for some $1,800 and a small pension amount from a prior job of about $110 a month. She buys very little food because she goes to a senior center almost every day and they load her up on free food.

    March 2