WebCPA Staff

A Tennessee grand jury has indicted a former inmate charged with filing false tax returns from inside his prison cell.

American International Group, the government supported insurance and financial services company, has agreed to pay $725 million to settle a securities class-action lawsuit with three Ohio public pension funds.

President Obama called for an up-or-down vote in the Senate on extending unemployment benefits.

Those who are pursuing Bachelor's and Master's degrees online are most interested in business administration and accounting, according to a survey.

Technology glitches with new software at the Internal Revenue Service caused it to initially reject nearly a quarter of the 127,105 tax returns it processed during its first three weeks of operation in February.

KPMG LLP has acquired the supply chain advisory services practice of Grant Thornton LLP in order to expand its restructuring capabilities.

A federal appeals court has affirmed the tax fraud conviction and three-year prison sentence of actor Wesley Snipes for failing to file his tax returns.

Syspro has introduced Dash ddx, document management and workflow software that works with the company’s manufacturing accounting software.

The Financial Accounting Foundation has appointed Mark Schroeder, a recently retired senior partner at Deloitte & Touche, to a new position as post-implementation review leader of accounting standards.

The Securities and Exchange Commission has filed a civil action against chip maker Trident Microsystems and its former CEO and chief accounting officer, charging them with violations related to stock options backdating.

The Internal Auditing and Assurance Standards Board has proposed new standards outlining an external auditor’s responsibilities when using internal auditors’ work during an audit.

The Internal Revenue Service’s Criminal Investigation division has stepped up its prosecutions of tax preparers in Southern California.

Actor Sean Connery is being shaken, not stirred, by a tax fraud investigation in Spain.

Pennsylvania regional accounting firm Reinsel Kuntz Lesher LLP plans to expand to York, Pa., by merging in Philip R. Friedman & Associates.

AccountMate Software Corp. has released AccountMate 8.0 for SQL and Express software, which incorporates over 100 enhancements and an entirely new module in the accounting software.

Haskell & White has promoted three managers from within the organization, further strengthening the firm’s tax and audit and business advisory teams.

KPMG LLP has appointed new executives to head its tax and audit practices in the U.S.

Goldman Sachs will pay a record penalty of $550 million and reform its business practices to settle SEC charges that the bank misled its investors in marketing a subprime mortgage product just as the U.S. housing market was starting to collapse.

Senators Charles Schumer, D-N.Y., has proposed extending the HIRE Act tax credit for employers who hire out-of-work employees.

The Senate passed a sweeping financial regulatory reform bill on Thursday by a 60-39 margin after three Republicans joined all but one Democrat in supporting the Wall Street overhaul.