The Latest

The Association of Certified Fraud Examiners has built up a choice collection of fraud souvenirs under founder and chairman Dr. Joseph T. Wells. Here are some of the most notable pieces.

The House and Senate passed a highway bill Friday that contains provisions to prevent a doubling of the interest rates for subsidized Stafford student loans.

Convicted fraudster Sam Antar, who acted as CFO for the electronics chain Crazy Eddie in the 1980s, told a group of accountants Friday that the potential for fraud has been growing worse in recent years, despite Sarbanes-Oxley.

The Securities and Exchange Commission and the Justice Department have filed charges against Bernard Madoff’s brother Peter, and he has pleaded guilty to the criminal charges.

Lauryn Hill, a former member of the rap group the Fugees and a Grammy Award-winning singer, has pleaded guilty to failing to pay taxes for three years on more than $1.8 million in income.

An outside advisory committee to the Internal Revenue Service is asking the agency to reinforce its standards for security, privacy and fraud prevention, including “phantom prepared” returns.

Fitch Ratings said that two recently released pension accounting and financial reporting standards from the Governmental Accounting Standards Board are generally positive for state and local governments.

I recently returned from the Association for Accounting Marketing’s Annual Summit, which this year was in tandem with the AICPA Practitioners Symposium, AICPA Tech+ Conference at the Aria Resort and Casino in Las Vegas.

The Public Company Accounting Oversight Board held a daylong meeting to gauge reaction to its proposal for mandatory audit firm rotation.

Well, now we know the answer. The individual mandate in the Patient Protection and Affordable Care Act, which the Administration has variously said was a both a tax and not a tax, is, in fact, a tax. That’s what the Supreme Court has called it, as a reason for finding it constitutional.