The Latest

The House Ways and Means Oversight Subcommittee held a hearing Wednesday to examine the causes for the widespread noncompliance found in a recent audit of tax-exempt colleges and universities by the Internal Revenue Service.

Institute of Management Accountants president and CEO Jeffrey Thomson discusses why accounting students should consider management accounting as a career, and the IMA's partnership with John Wiley & Sons on a learning system for Certified Management Accountants, in an interview with AccountingToday.com editor-in-chief Michael Cohn.

Sage North America today showed that total revenue in North America for the half year ended March 31, 2013 was $325.0 million, up 4 percent over the same prior year period.

CCH has released a new analysis of the Internet sales tax legislation approved by the Senate this week.

Patrick Donoghue has joined the Top 100 Firm Marcum LLP, as partner. He will lead the firm’s Advisory Services Practice in its New York City office.

NetSuite Inc. has acquired order management product provider OrderMotion Inc., which will effectively add the company’s cloud-based direct-to-consumer order management capabilities to NetSuite’s existing order management system.

Mueller Prost PC has combined its CPA and business advisory firm with Accurate Business Results.

The tax, accounting and business consulting firm Habif, Arogeti &Wynne LLP has agreed to merge in JRZ LLC.

KPMG teamed up with the Fruit Tree Planting Foundation and local San Antonio residents May 4 to plant about 100 fruit trees in two housing development orchards operated by the San Antonio Housing Authority.

Sen. Rand Paul, R-Ken., has introduced legislation to repeal provisions of the Foreign Account Tax Compliance Act, or FATCA, that he contends undermine the privacy of U.S. citizens.