WebCPA Staff

The American Institute of CPAs has dispatched a letter to the leaders of the Senate Banking Committee asking them not to allow a systemic risk regulator to alter accounting standards in the financial regulatory reform legislation they are drafting.

Former New York City police commissioner Bernard Kerik, who led the police department during the 9/11 attack, was sentenced to a four-year prison sentence after pleading guilty to tax fraud and other charges.

A man angry with the Internal Revenue Service flew a small airplane into a building on Thursday morning in Austin, Texas, in which several IRS offices are located, killing an IRS employee and himself.

United Nations climate chief Yvo De Boer plans to join KPMG in July as governments around the world face uncertainty over the prospects of establishing a global market for carbon credit trading.

The Financial Accounting Standards Board and the International Accounting Standards Board reached some tentative decisions on how to revise fair value accounting standards during a joint meeting this week.

U.S. small business owners intend to grow their companies in 2010 by applying some of the lessons they learned from the recession, according to a new study.

Vrakas/Blum Computer Consulting has been invited by Sage Business Solutions to participate in the MAS 90 Product Advisory Council.

Rep. John Hall, D-N.Y., has proposed a new bill that would allow the Small Business Administration to offer its own loans to small businesses and increase tax deductions for small businesses.

Taxpayers overwhelmingly agree with the Internal Revenue Service’s plans to require tax preparers to meet competency and ethical standards, according to a new report by the IRS Oversight Board.

Acumen Global Training, a company that provides training in various accounting-related areas, has opened for business.

A Virginia doctor has pleaded guilty to conspiracy involving an undeclared Swiss bank account reportedly at HSBC, indicating that investigators are widening their probe of secret Swiss bank accounts beyond UBS.

Wells Fargo has teamed up with FP Transitions to introduce a program to help business owners in the Wells Fargo Advisors Financial Network to determine and monitor the value of their financial advisory practices.

U.S. taxation of international operations was named as the top business tax concern in 2010, according to a poll of senior tax executives at multinational companies and trade associations.

John Geraci has joined LitmanGerson Associates as a principal, expanding the firm’s assurance services and employee benefit plan services.

The Tax & Accounting business of Thomson Reuters has introduced two new online services to help businesses stay informed of changes in sales and use tax and value-added tax.

CPA firm Karlins & Ramey has expanded its profit division, now renamed Texas Profit Advisors.

APEX Analytix has upgraded its FirstStrike disbursement management software with new features for combating payment fraud.

The Pennsylvania Institute of CPAs is out to enhance the image of the profession with a series of humorous videos that aim to prove accountants are not boring.

The trustees of the International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, have announced a series of changes to their constitution, including an emphasis on adoption of International Financial Reporting Standards over convergence.

The California Society of CPAs has signed on as one of the sponsors of a statewide media campaign that aims to raise awareness of the opportunity for California taxpayers to make a charitable gift while completing their state tax returns.