The Latest

Southern New Jersey accounting and management consulting firm Bowman & Company recently honored student Rebekah Calverley with its 2013 Lisa A. Donahue scholarship, bestowed in memory of the firm's late partner who lost her battle with cancer five years ago.

The United Kingdom’s Financial Reporting Council said Thursday that it has open an investigation into whether KPMG’s audit firm in the U.K. was independent when it conducted audits of automobile dealer Pendragon PLC.

Senate Appropriations Committee chair Barbara Mikulski, D-Md., urged Internal Revenue Service Acting Commissioner Steven T. Miller to do more to keep unscrupulous payroll service providers from cheating small businesses out of unremitted withholding taxes during an IRS budget hearing.

CompuPay, Inc., a BenefitMall Company, has formed a channel partnership with open source ERP product maker Open Systems, which will provide its resellers and end users access to CompuPay’s PayrollOnline service.

Intacct has unveiled Flex Reporting, a new tool designed to allow strategic CFOs to manage performance, look at financial metrics -- particularly accounting measures-- and performance related information unique to an organization.

A new academic study funded by the Center for Audit Quality scrutinizes the role of the external auditor in fraudulent financial reporting and found that the top areas cited by the Securities and Exchange Commission were failure to gather sufficient competent audit evidence, failure to exercise due professional care, and insufficient level of professional skepticism.

The Internal Revenue Service is teaming up with tax authorities in the United Kingdom and Australia to battle offshore tax havens after uncovering new information on specific taxpayers and advisors.

The leaders of Congress’s two main tax committee teamed up Thursday to launch a new Web site and Twitter feed, with the goal of getting input from the American public on tax reform.

Fannie Mae and KPMG LLP agreed to pay $153 million to settle an eight-year-old investor class action, according to Ohio Attorney General Mike DeWine, whose state’s employee pension fund was a plaintiff in the case.

One out of five employees is aware of financial manipulation in their company, according to a new survey conducted abroad by Ernst & Young, and 42 percent of board directors and senior managers are aware of irregular financial reporting in their company.