The Latest

The Public Company Accounting Oversight Board is taking a close look at the nearly 1,000 accounting firms that have registered with the PCAOB even though they do not audit public companies and may decide to drop many of them.

The American Center for Law and Justice, which has filed a federal lawsuit on behalf of 41 Tea Party and other conservative groups that claim to have been unlawfully targeted by the Internal Revenue Service, said Wednesday it is rejecting the government's offer for "expedited review" of applications for some conservative groups that have been waiting for years for a determination on their tax-exempt status, calling the offer “deeply flawed.”

The International Federation of Accountants and the Institute of Internal Auditors said Wednesday they have signed a memorandum of understanding to create a formal basis for the advancement of risk management and internal controls toward a common goal of enhanced governance.

A group of House Republicans whose committees have been investigating the Internal Revenue Service said Wednesday they have found evidence of delays created by the IRS Chief Counsel office in the screening of applications for tax-exempt status by Tea Party groups.

Charles Hendry was presented with the 2013 Meritorious Service Award by The Georgia Society of CPAs.

Armanino has released Dynamic Insights, a software package for reporting and analytics designed to integrate with and utilize data from a company’s existing Microsoft Dynamics AX or GP system.

NetSuite partner ERP Guru has unveiled its Business Monitoring Suite (BMS), designed to allow customers the ability to better monitor and benchmark their business in real-time versus industry peers.

CPA-focused business intelligence tool provider iLumen has added a survey platform as well as budgeting and forecasting capabilities to work in conjunction with its Client Intelligence and Industry Intelligence products.

The unthinkable happened to me. My office was burglarized and a computer stolen containing all of my clients’ personal information! This is my cautionary tale to my colleagues—we have become targets in the IRS identity theft epidemic.

The Financial Accounting Standards Board and the Private Company Council voted Tuesday to finalize the Private Company Decision-Making Framework, which outlines criteria they intend to use for determining whether and under what circumstances it is appropriate to adjust financial reporting requirements for private companies following U.S. GAAP.