WebCPA Staff

A new study indicates that differences between the international and U.S. auditing standards are fairly negligible and won’t present the challenge now facing the convergence of U.S. GAAP with International Financial Reporting Standards.

IMGCAP(1)]Richard Chambers has been reorganizing and consolidating the Institute of Internal Auditors ever since he returned in January after a five-year stint at PricewaterhouseCoopers.

Haskell & White has promoted six members of the firm to strengthen its tax and audit teams.

Lee M. Reingold has joined Steven Sewald & Co. as a principal in the firm’s accounting and business consulting groups.

A Swiss banking executive and lawyer have been indicted on charges of conspiring to defraud the U.S. in a sign that the IRS is now looking beyond UBS in its international tax enforcement efforts.

The Internal Revenue Service does not have a standardized process for monitoring the progress of its research projects, nor a way to validate the results or measure the impact of its research efforts on tax administration.

In response to the global financial crisis, the International Accounting Standards Board has published a set of proposals to amend the discount rate for measuring employee benefits.

A new study from sales tax software vendor Sabrix found that 95 percent of the companies it surveyed underestimated their sales tax liability and nexus footprint across state lines.

The Financial Accounting Standards Board took up the controversial question of disclosure requirements for loss contingencies at its latest meeting and decided that companies need to make more disclosures.

The IRS said that time is running out for many small businesses that wish to take advantage of the tax breaks in the stimulus bill.

The Small Business Administration and the Commerce Department plan to offer more federal contracts to small businesses, but a small business advocacy group is skeptical.

A new study of the use of credit card debt to fund new businesses has found that reliance on this form of financing increases the likelihood that a new business will fail during its first three years of operation.

Chief financial officers and senior-level executive CPAs are feeling more optimistic about the economy and the prospects for a recovery next year, according to a new survey.

NetSuite has introduced a “cash for clunkers” incentive program for selling software, patterned after the government’s car sales efforts.

A California accountant has pleaded guilty in a case in which he and an attorney have been charged with evading millions of dollars in taxes earned from the sale of public shell companies.

Swiss bank UBS will turn over the names behind 4,450 accounts as part of an agreement announced Wednesday between the U.S. and Swiss governments.

The American Institute of CPAs is conducting a study on the best practices of CPA wealth advisors to understand what makes the most successful ones stand out from the pack.

Mint.com has upgraded its online personal financial planning service with a set of enhanced budgeting tools.

CFOs and senior-level accountants anticipate spending more of their time five years from now on non-accounting functions, according to a new survey.

Cougar Mountain Software has teamed up with Dundas Data Visualization to develop a financial dashboard for its general ledger software.