WebCPA Staff

Sikich LLP has entered into a merger agreement with the accounting, tax, business consulting, litigation support and business valuation practice of Sleeper Disbrow Morrison Tarro & Lively LLC in Decatur, Ill.

Reprisals from recently departed employees and a lack of adequate security budgets and resources are becoming major concerns for senior information technology professionals, according to a new survey by Ernst & Young.

A new audit practice alert from the International Auditing and Assurance Standards Board aims to help auditors plan more effective use of external confirmations.

Software-as-a-Service provider SmartVault has announced software that allows other developers of QuickBooks add-on applications to integrate SmartVault's document management system with their applications.

The Internal Revenue Service has selected four new members and a chairman for the Electronic Tax Administration Advisory Committee.

Loucks, Adamek, Ashegian & Co. has changed its name to Sousa & Weber and expanded its services.

Two Florida accounting firms — Proctor, Crook & Crowder and Fogal & Associates — have merged to form one of the largest firms on the state’s Treasure Coast.

British rock band Echo & The Bunnymen have canceled their U.S. tour, citing “unreasonable demands” from the IRS.

The House voted to approve health care reform, moving the legislation now to an uncertain outcome in the Senate.

President Barack Obama has signed the extension of the First-Time Homebuyer Tax Credit, along with an extension of unemployment benefits.

Grant Thornton has named Lou Grabowsky chief operating officer effective Jan. 1.

The American Institute of CPAs and Financial Executives International have written to Congress to express their objections to proposed legislation that would displace the SEC from its role of overseeing the Financial Accounting Standards Board.

Joe Francis, the head of the company that produces the “Girls Gone Wild” series of racy videos, is a free man after he was sentenced to time served in his federal tax evasion case.

Eighty-eight percent of senior financial executives believe the positions of CEO and chairman of the board should be separate, according to a new survey by Grant Thornton.

Thomson Reuters has unveiled what it has billed as its next-generation software and services, the Accounting CS payroll system and Virtual Client Office, along with new enhancements to its Source Document Processing offering.

The International Accounting Standards Board has proposed new standards for measuring the impairment of financial instruments and assets using amortized cost, taking a different tack than the U.S. Financial Accounting Standards Board.

The Internal Revenue Service is looking for taxpayers who are due to receive a combined $123.5 million from 107,831 refund checks that were returned to the IRS by the U.S. Postal Service due to mailing address errors.

At least 1,260 individuals appear to have erroneously claimed about $1.8 million in Health Coverage Tax Credits on their 2007 returns.

The Senate voted by a 98-0 margin to extend the First-Time Homebuyer Tax Credit while also expanding the credit to existing homeowners who want to move to another residence.

The House Financial Services Committee voted to exempt small and midsized public companies from Sarbanes-Oxley audit requirements.