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House Minority Leader Nancy Pelosi, D-Calif., said she would try to use a procedure known as a discharge petition to bring a Senate-passed bill for extending the middle-class tax cuts to the floor of the House.

Hurricane Sandy was an unfortunately frequent topic of conversation during Accounting Today's 3rd annual Growth & Profitability Summit=. Most of the attendees from the Northeast had flown out just ahead of the devastation, but regardless of geographic location, we all followed the news as the situation escalated -- though all in different ways.

Four trends to put the 'service' back in professional services

Don't retreat -- summit!

The fiscal cliff, once a seeming imaginary event far off on the horizon, is looming large as we approach the beginning of 2013 with a divided government. The cliff, a combination of tax increases and government spending cuts, threatens to send the country deeper into another recession, according to economists from the Congressional Budget Office.

Trying to sum up a complicated 2012 in accounting

Large whistleblower awards have been making headlines lately. News of a record $108 million award paid out by the Internal Revenue Service in September, followed by media coverage of $38 million and $2 million awards only weeks later, seem almost more akin to reports on lottery jackpots than informant compensation.

Would you prefer to be running a business in 2012 or 1906?

Highlights of firm mergers & acquisitions from the previous month

This column examines the issue of private company GAAP and describes what the Private Company Council ought to do (and is planning to do) to ensure that these companies' financial reports actually serve their users' needs.