WebCPA Staff

PricewaterhouseCoopers has surveyed a group of investors and analysts to gauge their attitudes toward the different approaches taken by the accounting standards boards to account for financial instruments, including loans.

The lower house of the Swiss Parliament voted Tuesday to approve a deal signed by the Swiss and U.S. tax authorities last year to disclose the identities of up to 4,450 U.S.-based taxpayers who have secret bank accounts at UBS.

The Association of Accounting Marketing plans to restructure its committees and subcommittees starting in July.

A married couple was convicted of running an elaborate tax shelter scheme for over a decade in which they marketed tax trusts to clients, filed lawsuits against IRS employees, and prepared a $108 million tax lien against former Treasury Secretary John Snow.

A new report finds that the majority of financial institutions and companies that received funds from the Troubled Asset Relief Program have resolved the unpaid federal taxes they had owed.

Companies that integrate a cloud strategy with their strategic business imperatives can improve connections across a network of suppliers, time zones and cultures, according to a new report by PricewaterhouseCoopers LLP.

The Securities and Exchange Commission has charged a New York-based money manager and his firm with fraud for touting investments he claimed were tied to the Chimay royal family of Belgium, and then stealing millions of dollars to pay his divorce lawyers and the mortgage on his house in the Hamptons.

Nonprofit organizations need to maintain adequate reserves to safeguard their financial stability, according to a new paper by Grant Thornton.

The Internal Revenue Service has issued regulations outlining how the 10 percent excise tax on indoor tanning services in the health care reform bill should be administered.

The Internal Revenue Service is not processing taxpayer checks quickly enough, causing the government to lose money on interest payments, according to a new report.

Accounting firm Macias Gini & O’Connell has rebranded itself as simply MGO and adopted the slogan, “Proud to Be Boring Accountants.”

Fitch Ratings has issued a report on the Financial Accounting Standards Board’s recently unveiled proposal requiring most financial instruments, including loans, to be measured on the balance sheet at fair value.

The Securities and Exchange Commission has filed settlements for its claims against two former Lucent Technologies executives accused of playing a role in the telecommunications company’s accounting fraud.

Senate Majority Leader Harry Reid, D-Nev., has introduced an amendment to the tax extenders bill that would extend the transaction closing date for the First-Time Homebuyer Credit from June 30 to Sept. 30.

Copanion’s GruntWorx Populate paperless tax workflow application now integrates with CCH’s ProSystem fx Tax and Thomson Reuters Tax & Accounting’s UltraTax CS.

Accounting and consulting firm Rehmann has signed a memorandum of understanding to acquire Veritas Global LLC, a firm that provides corporate investigative services and business intelligence.

The Internal Revenue Service basically dismissed over $1.4 billion in delinquent taxes between 2002 and 2008 without filing tax liens to collect them, according to a new report.

More than half of financial executives are still not receiving salary increases even as the economy slowly recovers.

Cloud-based accounting and compliance software provider OptionEase Inc. has added a new earnings-per-share reporting function that gives users the ability to configure reports to match a specific accounting methodology and requirements.

Manufacturers are beginning to feel the benefits of the economic recovery, but larger companies are more optimistic than smaller ones, according to a new report from assurance, tax and consulting firm McGladrey.