The Latest

Dennis Duban, a Los Angeles-based accountant and tax return preparer, has pleaded guilty to conspiracy to defraud the IRS and assisting in the filing of a false federal income tax return.

Accounting standards may play a significant role in shaping cross-border mergers and acquisitions, according to a recently released academic study.

The American Institute of CPAs’ Financial Reporting Executive Committee, or FinREC, sent a letter to the Financial Accounting Standards Board raising issues with a proposed Accounting Standards Update, Financial Instruments (Topic 825), Disclosures about Liquidity Risk and Interest Rate Risk.

(Bloomberg) Any congressional effort to overhaul the U.S. Tax Code should make deficit reduction a priority, instead of cutting high-income Americans’ tax rates, Democratic Senator Chuck Schumer said.

Sage North America has made available Sage Fixed Assets 2013, formerly Sage FAS Fixed Assets, designed with new features including a simplified framework, expanded attachment options, and the ability to check for release updates.

William Vohsing was tapped to serve as state and local tax director at Top 100 Firm Schneider Downs & Co., Inc.

Top 100 Firm Moss Adams LLP and Colorado-based financial services consulting firm Marquis Banking Partners LLC have entered into a joint venture agreement to create Moss Adams Marquis Banking Advisors LLC, which will provide strategic and operational consulting services to financial institutions across the nation.

Cloud-based global equity administration, financial reporting and compliance service Solium Capital Inc. will acquire cloud accounting and compliance application provider OptionEase Inc.

For the accounting profession, this time of year can be somewhat chaotic.

The IRS is reportedly fine-tuning its procedures for collecting and releasing preparers’ personal information gathered during Preparer Tax Identification Number registration.