AT Think

Dubai World stunned investors late last week when the government-controlled company announced that it needed to restructure $26 billion in debt, but some of the problems may be related to its accounting.

Houston-based PKF Texas is on the edge when it comes to its young professionals – and that’s a good thing. The firm was recently honored with an Edge Award from the Leading Edge Alliance, an international professional association of independently-owned accounting and consulting firms.

Accounting Tomorrow wishes you and yours a Happy Thanksgiving. Our offices are closed today and Friday. We’ll be back on Monday.

The IRS and the Treasury Department have released their 2009-2010 Priority Guidance Plan, with 315 projects they plan to complete over a 12-month period by June 2010.

In an effort to increase student involvement in sustainability, KPMG raised a challenge to business students to make their campuses greener through its first annual Living Green Case Competition. And this time around the University of California-Berkeley took home the grand prize.

States across the country experienced continuing sharp declines in tax revenue during the third quarter of the year, meaning more spending cuts and perhaps more tax increases are on the way.

‘Tis the season of giving and the Suffolk Chapter of the New York State Society of CPAs is in the midst of its 15th annual Toys for Tots drive.

The House Financial Services Committee decided to soften language in a controversial amendment to the proposed Financial Stability Improvement Act that would have given a systemic risk regulator the ability to rewrite accounting standards.

Naurice White has a lot to be thankful for this holiday season.

House Ways and Means Committee Chairman Charles Rangel, D-N.Y., intends to introduce legislation next month that would keep a variety of tax breaks from expiring before the end of the year.