The Latest

Recent hires, promotions and more from accounting firms across the country

Recent news from accounting firms across the country

The Internal Revenue Service took the wraps off its new Web site Thursday, with new navigation and language features.

The Financial Accounting Standards Board has made available its proposed 2013 U.S. GAAP Financial Reporting Taxonomy in XBRL format for public review and comment.

The American Institute of CPAs has written a letter to Internal Revenue Service Commission Doug Shulman saying that new interim about how taxpayers must apply for Individual Taxpayer Identification Numbers for 2011 returns are burdensome and may prevent some taxpayers from getting the documentation they need to qualify for an ITIN.

The Securities and Exchange Commission issued a financial literacy study Thursday confirming earlier studies that U.S. retail investors lack basic financial literacy.

Hong Kong’s Securities and Futures Commission has begun legal proceedings against Ernst & Young Hong Kong for failing to produce work papers and accounting records related to its audits of a former China-based client, Standard Water Limited.

Employees of Maryland CPA, tax and consulting firm KatzAbosch donated school supplies to underprivileged children at a local school during a recent drive.

Cindy Fornelli, executive director of the Center for Audit Quality, discusses how the inspection process at the Public Company Accounting Oversight Board works.

The experience for new employees at the Internal Revenue Service is not always positive, even though the IRS has taken steps to improve the onboarding process, according to a new report.