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The Governmental Accounting Standards Board is circulating a pair of exposure drafts proposing accounting and financial reporting guidance pertaining to the capitalization of interest cost along with a proposed Implementation Guide discussing a variety of topics.

Steinhoff International Holdings NV bonds extended losses after Moody’s Investors Service slashed the credit rating to junk in the wake of an accounting scandal that’s threatening the survival of the global furniture and clothing retailer.

The White House supports tweaking final tax legislation to appease lawmakers who want to let constituents deduct state income taxes, according to National Economic Council Director Gary Cohn.

The three biggest stories in Washington—a broad overhaul of the U.S. tax structure, a health-care makeover and a spending bill that would avert a government shutdown—all depend, more or less, on one moderate Republican senator who says she’s got a deal that could deliver them all.

The tool offered with the company’s GRC platform, which was released this year.

Accountants making data security education a priority for their clients could mean the difference between success and failure.

Like mother, like daughter; a rep for refunds; and other highlights of recent tax cases.

The service will pay 4 percent for over- and underpayments by individual taxpayers.

Accounting Today introduces its new ranking of the top workplaces for women in the accounting profession.

The T100 Firm has added Kakimoto & Nagashima, giving it a 10th California office.