WebCPA Staff

The American Institute of CPAs has scheduled Jan. 1, 2011 as the official launch date of CBT-e, a more technologically modern version of the Uniform CPA Examination.

Many accounting firms are doing a good job of following new standards for conducting risk-based audits of internal controls, but others are not applying the standards properly, according to a new report by the Public Company Accounting Oversight Board.

Crowe Horwath International has appointed Crowe Horwath RCS as its new member firm in Brazil and selected WanLongAsia as its lead firm in China.

Thomson Reuters has added integration features to its NetClient CS client portal technology to provide better workflow and interoperability with the company’s other products.

Champion golfer Jim Thorpe faces up to two years in jail and $4.1 million in fines after he pleaded guilty to failing to pay over $2 million in income taxes.

The Internal Revenue Service has severed ties with ACORN, the controversial community-organizing group that was recently the subject of a series of hidden camera videos.

Joe Francis, chief executive of the racy video producer Girls Gone Wild, has struck a plea deal with prosecutors in his tax evasion case and agreed to pay $249,705 in back taxes.

Payroll and benefits outsourcing provider Paychex Inc said the troika of weak economic conditions, the ongoing credit crisis and low rates of investment returns prompted a 17-percent decline in first-quarter profits, to $123.6 million compared to the year-ago first quarter.

Rep. Nydia Velázquez, D-N.Y., chair of the House Committee on Small Business, has proposed legislation to extend several expiring Small Business Administration lending programs.

Accountants have mixed feelings about the Obama administration’s proposed financial regulatory overhaul, according to a new survey.

The American Institute of CPAs testified before Congress in favor of exempting CPAs from oversight by the proposed Consumer Financial Protection Agency, arguing that CPAs are already highly regulated.

Caldwell & Co., P.C., a CPA and business advisory firm based in Bethesda, Md., has merged in C.J. Becker & Associates Chartered, P.C., effective immediately.

A California tax preparer who falsely claimed to be a CPA and former IRS employee could receive up to six years in prison after he pleaded guilty this week to aiding and assisting others in preparing false tax returns.

New Jersey ranks at the bottom of the list in a new study of the comparative business friendliness of tax systems in the 50 states, while South Dakota is counted as most business friendly.

As the economy continues to improve, some 40 percent of chief financial officers polled in a recent survey said those recovery dollars will likely be plowed into their IT systems.

A new survey reveals that many investors are once again taking for granted the old assumptions they had about their retirement savings.

Exchange-traded funds could provide better long-term investments than the traditional mutual fund, according to a new study by Deloitte.

Payroll services provider CompuPay Inc. has acquired New Hampshire-based competitor Infinity Payroll for undisclosed terms.

A group of securities regulators from around the world is defending the need to safeguard the independence of the accounting standard-setting process.

Accounting Today is soliciting submissions for its 2009 Technology Pacesetters, honoring value-added resellers that carry accounting software as a central part of their product line. Determining factors include: vendor awards, growth over the past year and participation on advisory boards and industry events.