The Latest

The trustees of the IFRS Foundation have included the U.S. Financial Accounting Standards Board among the national and regional standard-setters in the new Accounting Standards Advisory Forum, the new group that will advise the International Accounting Standards Board on development of International Financial Reporting Standards.

The long-standing communication impasse between accounting software used by businesses and business software used by accountants is finally beginning to dissolve, thanks to the emergence of new cloud-based business intelligence solutions.

The effectiveness of a team set up by the Internal Revenue Service to combat tax fraud and abuse in the Indian tribal sector cannot be determined because no specific performance objectives and measures have ever been developed, according to a new government report.

Webcasting and virtual environment solutions provider ON24 announced the availability of ON24’s continuing education solutions on tablet computers and smartphones, making it the first company to offer National Association of State Boards of Accountancy-compliant virtual CE training for mobile devices.

The Securities and Exchange Commission is asking for public comments on a proposal from Nasdaq to require Nasdaq-listed companies to establish an internal audit function no later than Dec. 31.

The Securities and Exchange Commission’s Division of Corporate Finance has issued new guidance allowing public companies to provide equity-based financing to employees through a program involving loans without violating Sarbanes-Oxley, with some help from former Congressman Michael Oxley himself.

Sergio Garcia, the professional golfer, must pay additional taxes on income from endorsements that he claimed was exempt, the U.S. Tax Court ruled, because too much of the money was attributed to payment for his image.

The internal audit function has a greater opportunity to deliver value to businesses outside its traditional focus areas, according to a new survey by PricewaterhouseCoopers, but before it can contribute to businesses in a more meaningful way, it must keep pace and continue to evolve its focus.

If you are like many firms, at some point you will hit a roadblock in your growth. Individual partner participation in business development won’t be enough to reach and sustain your growth goals.

Raymond James Financial Services has introduced a new compensation model for independent registered investment advisors.