WebCPA Staff

Forty percent of U.S. CFOs and senior comptrollers polled by Grant Thornton said they do not believe U.S. companies should be required to use International Financial Reporting Standards.

CCH has overhauled its ProSystem fx Suite, rewriting it to work as both a Software-as-a-Service application and on-premise software.

Despite growth in its Asia-Pacific region, as well as in its consulting unit, wobbly economic conditions both domestic and abroad resulted in Deloitte Touche Tohmatsu reporting a 4.9 percent decline in fiscal 2009 global revenues in U.S. dollars, to $26.1 billion, and just 1 percent growth in local currency terms.

The American Institute of CPAs’ CPA2Biz subsidiary has added Copanion’s GruntWorx tax document automation software to the set of Trusted Business Advisor Solutions it sells on its Web site.

Starting salaries in the accounting and finance, information technology, and administrative fields are expected to remain relatively flat or see modest declines next year, but some positions will buck this trend, according to the 2010 Salary Guides from Robert Half International.

The Internal Revenue Service has issued a new form that will make it easier to order tax transcripts and help process mortgage modification applications.

CCH has introduced a new online CCH Community that allows accounting, auditing and compliance professionals to interact in a kind of social network over the Web.

The International Auditing and Assurance Standards Board has published a consultation paper seeking views on a new assurance standard it is developing for greenhouse gas emission reporting.

The global financial services industry experienced a dramatic spike in fraud activity, with companies losing an average of $15.2 million over the past three years, according to a new report.

Accounting firm Anchin, Block & Anchin has added three new CPA partners: Matthew Mullaney, Terry Pissi and Craig Silberberg.

Intuit will be hosting free CPE-credited training sessions starting next week for tax and accounting professionals to explain new features in its QuickBooks Premier Accountant 2010, ProLine Solution, and Lacerte products.

CCH has introduced IntelliForms, a forms service with over 20,000 federal, state and local forms and instructions with real-time updates.

The California Society of CPAs is offering a special CPA Activate Pass to help inactive CPAs regain active status.

Microsoft has released the latest version of its operating system, Windows 7.

The House Financial Services Committee has approved the creation of a Consumer Financial Protection Agency by a vote of 39 to 29 to safeguard consumers against excessive credit card rate hikes, overdraft fees and predatory lending practices.

A new study by KPMG has found more governments worldwide imposing value-added taxes and goods and services taxes to make up for declining revenue from other sources, and warns the U.S. may follow suit.

The First-Time Homebuyer Credit program that kept the housing industry afloat this year also led to hundreds of millions of dollars in fraudulent or erroneous claims.

The Financial Accounting Standards Board has established a Not-for-Profit Advisory Committee to offer input to the board on guidance, current and future technical projects, and longer-term issues affecting nonprofits.

President Barack Obama has announced a set of initiatives aimed at kick-starting the market for small-business loans.

Rap singer Nas is the latest hip-hop performer facing tax trouble, with the IRS filing a lien against him for $2,584,206.31.