The Latest

Federal Express was able to work out a settlement with the Internal Revenue Service late last month in a long-running case involving tax credits for research and development, and the case could have broad implications for other companies claiming R&D tax credits for internally developed software.

Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

How comfortable should you be when you’re asked by a client for a “comfort letter”?

The American Institute of CPAs announced that this year it will award one-year scholarships totaling more than $370,000 to 117 undergraduate and graduate students through the AICPA’s Legacy Scholars program.

The prospects for Chinese companies going public on the U.S. stock markets via reverse mergers appear to improving, despite the worries about accounting fraud that derailed several Chinese stocks in recent years.

U.S. Wealth Management CEO John Napolitano talks with Accounting Today editor-in-chief Daniel Hood about how accounting firms can build their financial planning practices and become successful at offering some nontraditional services to clients.

These days whatever is on the market to help practitioners and consultants work better with PDFs while on the go will at least get a look – or a download -- and iAnnotate PDF is garnering serious attention from those looking to read and make their own notes on their PDF files.

Rahn & Bodmer Co., the Swiss private bank established by silk traders in 1750, said it’s cooperating with a U.S. Department of Justice probe into cross-border accounts of American clients.

Swiftpage, the new owner of ACT!, has released version 16 of the long-time contact management product with multiple, user-requested enhancements and a promise to roll out new updates several times a year.

As an accountant, I have a question for you. How many of your clients own their own captive insurance company?