WebCPA Staff

Daniel L. Goelzer was named acting chairman of the Public Company Accounting Oversight Board and will take office August 1.

Regional accounting firms Parente Randolph and Beard Miller Co. plan to merge later this year to create one of the largest firms in the Northeast, with a total $175 million in revenue.

New York State CPAs are facing a Sunday deadline to register with the State Education Department under a recently passed law.

A federal grand jury has indicted an IRS revenue officer for pressuring delinquent taxpayers to refinance their mortages with a company for which he worked on the side so they could pay their outstanding tax debts.

Slightly more than half of small and midsized businesses prefer to have a separate set of accounting standards for private companies, according to a new survey by Deloitte.

The Public Company Accounting Oversight Board has scheduled an open meeting next week to discuss making changes in engagement quality auditing and sign-off requirements.

NetSuite began offering a new program to Sage partners to resell its Web-based accounting software with a 50 percent revenue share split for the first 12 months.

Intuit has completed its $170 million acquisition of PayCycle, expanding the company’s online services strategy with a payroll provider that counts more than 85,000 small businesses as customers.

The IRS and the Treasury Department have issued final regulations clarifying how and when certain small tax-exempt organizations must file an annual electronic notice.

Ernst & Young will have to pay $10.2 million in damages after a Florida jury determined that the firm was negligent in its audits of the now-defunct Sovereign Bank.

The Internal Revenue Service has released a new version of Form 656-B, “Offer in Compromise Booklet,” and a revised Form 656, “Offer in Compromise.”

Financial Executives International has named its 2009-2010 board of directors, with Gerald R. Ulrich, director of external reporting and compliance at Hershey, as the new national chair.

The American Institute of CPAs has presented its Elijah Watt Sells Awards to the top performers on the CPA Exam.

H&R Block CEO Russ Smyth issued a strongly worded statement warning of risks to McGladrey & Pullen after receiving a notice terminating their administrative services agreement.

The Securities and Exchange Commission has asked a court to order the former CEO of CSK Auto Corp. to reimburse the automotive parts company and its shareholders more than $4 million he received in bonuses and stock sale profits while CSK was committing accounting fraud.

The International Accounting Standards Board has issued amendments to its rules for companies adopting International Financial Reporting Standards for the first time to allow some exemptions.

CCH has created new software to make the audit process more efficient.

Software-as-a-service provider Smart Online has introduced OneBiz 1.1, a suite of Web-based business management tools for small businesses.

House Democrats’ proposal for a surtax on upper-income taxpayers to help pay for health insurance reform would not have a noticeable impact on small businesses, according to a new report from the advocacy group Citizens for Tax Justice.

Treasury Inspector General for Tax Administration J. Russell George asked tax professionals to provide his office with information on other preparers who are acting unethically or illegally as the IRS prepares to overhaul regulations for practitioners.