WebCPA Staff

Sixty percent of the private equity executives surveyed by accounting firm Eisner LLP have seen an increase in debt financing availability in the first and second quarters of this year, compared to a year ago.

PKF Pacific Hawaii LLP has acquired Grant Thornton LLP’s Honolulu office.

The Institute of Management Accountants has named accounting professor Sandra Richtermeyer as the chair of its board of directors for the 2010-2011 fiscal year.

The Senate has revised the Small Business Jobs Act tax relief and lending bill with amendments scaling back controversial new requirements for 1099 reporting of business transactions.

LarsonAllen is expanding its reach to the Pacific Northwest by merging with Spokane, Wash.-based LeMaster Daniels.

Cloud-based financial and enterprise resource planning software provider NetSuite posted total revenue of $47.1 million for the second quarter ending June 30, 2010, representing a 17 percent increase over the prior year.

The Financial Accounting Foundation, the organization that oversees both the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has joined Twitter to expand its communications outreach.

The Internal Revenue Service has filed tax liens totaling $2.1 million against Haitian born singer Wyclef Jean, who recently announced his plans to run for the presidency of his native country.

Truck manufacturer Navistar International has settled with the Securities and Exchange over accounting irregularities, and several of its executives and former executives have agreed to pay stiff penalties to settle fraud charges.

The Public Company Accounting Oversight Board plans to impose more sanctions on accounting firms and managers that don’t adequately supervise their staff.

The acting chairman of the Public Company Accounting Oversight Board, Daniel L. Goelzer, plans to ask Congress to consider a change to the Sarbanes-Oxley Act to allow the PCAOB’s disciplinary hearings of accountants and accounting firms, along with the related proceedings, to be made public.

Starting next tax season, the Internal Revenue Service will no longer provide tax preparers and financial institutions with a so-called “debt indicator” that is often used to facilitate refund anticipation loans.

Two years after winning a $206.9 million Powerball jackpot, Ron Miller has sold his New Mexico CPA firm Miller & Associates to Accounting & Consulting Group LLP.

The Public Company Accounting Oversight Board has adopted a set of eight auditing standards related to the auditor’s assessment of risk in an audit and response to that risk.

The American Institute of CPAs’ Examinations Team has published a guide to the major changes that will appear on the Uniform CPA Examination starting on Jan. 1.

The IFRS Foundation, the body responsible for the adoption of International Financial Reporting Standards and the oversight of the International Accounting Standards Board, has announced the membership of the newly created SME Implementation Group.

Bernard Madoff’s former accountant David Friehling has lost his CPA license after the New York State Department of Education, which licenses CPAs, charged him with multiple counts of professional misconduct.

Private sector employment increased by 42,000 from June to July on a seasonally adjusted basis, mainly due to hiring at small and midsized businesses, according to the latest report from payroll giant ADP.

The Internal Revenue Service is realigning its Large and Mid-size Business Division to focus more on improving international tax compliance.

The vast majority of U.S. business executives are against the imposition of a value-added tax and would need time to prepare for it, according to a new poll.