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The American Institute of CPAs has developed an online Audit Risk Assessment Tool to help focus in on the potential risk of material misstatements in a financial statement audit due to fraud or error.

Jay R. Horowitz CPA PC and Miller & Co. LLP, of Manhattan, N.Y., have agreed to merge. The deal will take effect on Jan. 1, 2013.

Rapper Fat Joe pleaded guilty to two counts of failing to file tax returns on Thursday in a federal court here.

Students at the University of Texas at Dallas are this year’s American Institute of CPAs Accounting Competition champions, receiving $10,000, with Albion College students taking second and $5,000 and North Carolina State University bringing home $2,500 for third.

(Bloomberg) -- House Republican leaders canceled a planned vote on Thursday night on Speaker John Boehner's plan to allow higher tax rates for annual income above $1 million, throwing already-stalled budget talks deeper into turmoil.

Professional tax return preparers must renew their PTINs to prepare returns in 2013, the IRS said in a reminder to preparers. Current PTINs expire December 31.

The American Institute of CPAs announced that it would be posting regular updates to its CPA Exam score release timetable, to keep exam candidates better informed.

Cloud ERP and financial software provider Acumatica is now registered as an official member and sponsor of CPE credits in accounting and listed on the National Association of State Boards of Accountancy’s (NASBA) National Registry of CPE Sponsors.

The Treasury Inspector General for Tax Administration released two reports related to the Internal Revenue Service’s Customer Account Data Engine 2 Program, suggesting that while the system has begun processing tax returns, there are still significant areas where improvement is necessary.

House Republicans plan a vote late Thursday on a measure that would have been hard to imagine before the November 6 election -- a tax increase for top earners, which they previously labeled as job-killing class warfare.