The Latest

The Financial Accounting Foundation’s Board of Trustees, who oversee the Governmental Accounting Standards Board and the Financial Accounting Standards Board, has adopted a new policy clarifying the characteristics of the information that GASB can incorporate into the financial accounting and reporting concepts, standards, and guidance that it issues for state and local governments.

Family business owners are more focused on sustaining their business’s longevity than on sustaining wealth across future generations, according to a new survey.

The Public Company Accounting Oversight Board posted settled disciplinary orders Friday involving three auditing firms and three people associated with them, charging them with violating the federal securities laws in addition to PCAOB auditing standards and rules in the audits of 10 public companies.

Last week I moderated an Accounting Today Webinar, sponsored by SurePayroll, on the 2014 Tax Season Toolkit.

Nearly half (41 percent) of business executives lack sufficient resources and critical skills to implement enterprise fraud and misuse management in their organizations, despite the competitive advantage that a fraud risk management program can provide, according to a new Deloitte survey.

Corporate capital expansion plans present opportunities for companies to leverage tax credits and incentives, according to a new study by Ernst & Young that found such plans driving activity in this area.

The on-again, off-again nature of the federal tax provisions traditionally known as tax extenders is leading to uncertainty and unnecessary complexity, according to tax policy experts at the American Institute of CPAs.

KPMG recently announced a donation of 15,000 new books from PGA Tour champion Phil Mickelson in support of the Big Four’s “Reading Relay,” providing more than 130,000 new books to children in need.

The Internal Revenue Service needs to do a better job of tracking its efforts to eliminate identified flaws in the security of systems involving taxpayer data, according to a new government report released to the public on Thursday.

WeiserMazars LLP has merged with the Resnick Druckman Group LLC.