Audit & Accounting

The Securities and Exchange Commission said it is preparing relief measures that would extend filing deadlines for individuals and entities who have been affected by Hurricane Sandy and its aftermath.

The IRS is now sending letters to preparers who are suspected of filing inaccurate EITC claims.

The Center for Audit Quality has released a guide to help auditing firms cope with the Public Company Accounting Oversight Board inspection process.

On the first morning of its annual User Conference, being held now in San Diego, tax and accounting solution and research provider CCH, a Wolters Kluwer business, emphasized the importance of mobility to modern accountants.

Cloud and mobile top the list of emerging technologies transforming the tax and accounting profession, according to the 2012 CCH Technology Survey, an independent nationwide survey of more than 400 accounting professionals.

KPMG LLP has elected P. Scott Ozanus to serve as deputy chairman and chief operating officer of the audit, tax and advisory firm. Ozanus succeeds Henry Keizer, who will retire at the end of 2012.

The Financial Accounting Standards Board is giving more time to people to comment on its proposals for clarifying financial statement disclosures as a result of Hurricane Sandy.

Accountants can -- and should -- help their clients prepare for disaster.

Federal, state and local authorities have issued various forms of tax relief for those affected by Hurricane Sandy last week.

The board of directors of the CFP Board of Standards announced the immediate resignations of its chairman Alan Goldfarb and two members of the Disciplinary and Ethics Commission.