The Latest

MJR’s staff, and its six partners, will be joining Gallina once the acquisition is complete on July 1, 2014.

All too often in the practice of accounting we are predominately attentive to adhering to the concepts and conventions promulgated by the “accounting gods.”

The Center for Audit Quality and the Auditing Section of the American Accounting Association have announced four awards as part of a program designed to give academic researchers access to audit firm personnel to use in their research projects.

House Republicans are accusing Lois Lerner, the former director of the Internal Revenue Service’s Exempt Organizations unit, of emailing a colleague about subjecting Sen. Charles Grassley, R-Iowa, the former chairman of the Senate Finance Committee, to an IRS examination.

Regions Bank plans to pay $51 million to resolve charges related to the intentional misclassification of loans and accounting fraud.

The Financial Accounting Standards Board and the International Accounting Standards Board are taking different approaches to setting standards for rate-regulated utilities, and a FASB board member sees little prospect for an agreement.

The House Ways and Means Committee has approved legislation aimed at simplifying the many tax credits available for education.

The nonprofit Sustainability Accounting Standards Board has released provisional sustainability standards for industries in the nonrenewable resources sector, such as oil, gas and mining.

Cloud accounting and payroll technology provider AccountantsWorld has signed a strategic partnership with HBK CPAs & Consultants, a Top 100 accounting and wealth management services firm based in Youngstown, Ohio.

Fort Collins, Colo.-based Sample & Bailey CPAs PC will be joining Eide Bailly. The deal is set to close on August 4.