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BDO USA recently completed its third annual "Week of Service" that positively affects communities nationwide. During the week, BDO staff volunteered more than 3,000 hours of their time and was able to raise or donate almost $28,000 to worthy causes, impacting almost 10,000 people.

Many CPAs are asked to act as trustees or are retained to prepare fiduciary income tax returns for trusts. The CPA who is involved in trust issues must become aware of the fiduciary trust accounting rules that apply to a given trust.

Hedge funds and portfolio managers often have sophisticated needs when it comes to dealing with capital gains taxes and keeping them to a minimum, and one of the wrinkles they need to deal with is a constructive sale.

The Securities and Exchange Commission has approved the Public Company Accounting Oversight Board’s new standard on auditing related party transactions and significant unusual transactions.

Nearly 60 percent of initial public offerings in 2011, 2012 and 2013 on the U.S. markets used at least one non-GAAP financial measure in their financial statements, according to a new study by PricewaterhouseCoopers.

A former Internal Revenue Service employee received a prison sentence for leading a conspiracy to steal taxpayers’ identifying information in order to receive fraudulent tax refunds.

Accounting firms Elliott Davis and Decosimo said Wednesday they plan to merge at the beginning of the year to create one of the largest regional firms in the U.S.

The Internal Revenue Service issued two items of guidance Wednesday in response to the need for charitable and other relief due to the Ebola outbreak in West Africa.

Xero launched its new Xero U, a customized learning environment for accounting professionals and small businesses.

The National Conference of CPA Practitioners is warning that the complexities of the Affordable Care Act may negatively affect millions of taxpayers in the upcoming tax season.