The Latest

The U.S. Small Business Administration has issued four final rules in the Federal Register, increasing the size standards for small businesses in 70 industries, including finance.

Rep. Nydia M. Velazquez, D-N.Y., the ranking Democrat on the House Small Business Committee, has introduced two bills to foster entrepreneurship and help small firms grow and succeed.

CPA firms are wrestling their way through partner retirements and the accompanying succession issues in numbers that the profession has never seen before.

An Internal Revenue Service deputy director whose office awarded more than $500 million in contracts to a friend’s technology company wouldn’t testify before a congressional committee.

The Financial Accounting Standards Board is expected to issue a document Thursday proposing to improve the financial reporting of insurance contracts, including the measurement of insurance liabilities and the related effect on the statement of comprehensive income.

BDO USA LLP has tapped into Alaska, Minnesota and the Northeast for its latest additions.

The American Institute of CPAs is increasing its webcast options to allow CPAs to attend AICPA conferences virtually.

Andrew Fastow, the former CFO of the bankrupt energy-trading firm Enron, admitted to the wrongs he committed, but also blamed the accountants at the defunct firm Arthur Andersen, in a speech at the Association of Certified Fraud Examiners’ Global Fraud Conference.

The Financial Accounting Standards Board has issued a proposal to improve disclosures of uncertainties related to an organization’s ability to continue as a going concern.