WebCPA Staff

The Prince’s Accounting for Sustainability Project has teamed up with the Global Reporting Initiative to form the International Integrated Reporting Committee, with the goal of creating a globally accepted framework for sustainability accounting.

Kentucky CPA firms Dean Dorton Ford and Cotton + Allen plan to merge by the end of the year.

Averett Warmus Durkee has merged its practice with Osburn, Henning and Co.

House Democrats blasted Republicans for blocking a bill with tax breaks for small businesses and the removal of a controversial 1099 information reporting requirement after the bill failed to garner the two-thirds margin needed for passage.

The Securities and Exchange Commission has accepted settlement offers from three former officers of New Century Financial Corp., the subprime lender that was one of the first to collapse at the start of the subprime mortgage crisis.

A new bill in Congress would provide a one-time $250 payment to senior citizens, veterans and the disabled in the event that no Social Security cost-of-living adjustment is payable in 2011.

Practising Law Institute has released the Pocket MBA eMentor, a new learning tool designed to supplement the legal profession’s understanding of accounting and finance.

Deacom has introduced a mobile version of its enterprise resource planning software for manufacturing companies.

The International Accounting Education Standards Board has released a paper aimed at helping professional organizations conduct written examinations to assess the capabilities of candidates for professional certifications, licenses and other qualifications.

Senate Republicans united in blocking a vote on legislation to provide tax breaks to small businesses along with a $30 billion lending fund.

Matthew W. Hardey, the former CFO of Newpark Resources, a Houston-based oil and gas company, was ordered by a federal judge to pay a $75,000 civil penalty for participating in a fraudulent accounting scheme.

The International Accounting Standards Board has published a proposed set of changes to insurance contract accounting in an effort to impose a single standard upon all insurers in all jurisdictions that would apply to all types of insurance contracts on a consistent basis.

Chief financial officers expressed less confidence and more caution about the economy and capital spending in the second quarter, according to a new survey.

Deloitte & Touche LLP has resigned as the auditor for American Apparel and has been replaced with the troubled garment retailer’s former auditor Marcum LLP.

Scott Brubaker was recently hired as principal at the professional services firm of UHY Advisors in the business development area of the firm’s Sports and Entertainment Practice with the goal of engaging professional sports organizations and college athletic departments in a variety of service offerings, including vendor and construction audits, internal audits and process reviews.

McConnell & Jones LLP, one of the largest African-American owned and operated CPA firms in the nation, has added Knoel Kambak as the audit supervisor to the firm’s Dallas/Fort Worth team.

CPA and business advisory firm Argy, Wiltse & Robinson announced that Johnson Advisors LLC has changed its name to Argy Accounting Solutions LLC and Argy’s Family Wealth Management Group has changed its name to Family Tax Advisory Group.

The House ethics committee laid out a series of charges against Congressman Charles Rangel, D-N.Y., on Thursday, including his failure to pay taxes on rental income he earned from a vacation villa he owns in the Dominican Republic.

Citigroup was charged by the Securities and Exchange Commission with misleading investors about the extent of the banking giant’s exposure to subprime mortgage-related assets during 2007 and has agreed to pay a $75 million settlement.

Chris Tucker, who co-starred with Jackie Chan in the hit Rush Hour movies, is facing tax liens from the Internal Revenue Service totaling more than $11.5 million.