The Latest

The Financial Accounting Standards Board intends to issue a discussion paper in the next few weeks to solicit feedback on the disclosure framework it has been preparing, followed by roundtable meetings and workshops later this year to talk with financial statement preparers and users.

The National Society of Accountants Scholarship Foundation recently awarded 31 students with funding for their accounting education.

A decade since the enactment of the Sarbanes-Oxley Act of 2002, the majority of executives and other professionals agree in a new survey that internal control over financial reporting structure in their organizations has significantly or moderately improved since compliance with the legislation became a requirement.

The Securities and Exchange Commission plans to remove the 2009 U.S. GAAP Taxonomy in July when it upgrades to the latest version of its EDGAR online system of financial filings.

The Internal Revenue Service is encouraging tax preparers to take a new competency exam as soon as possible.

Electronic document and workflow management software provider Cabinet NG has added CNG-SHARE, a cloud-based file sharing and workflow component to the company’s latest version of its flagship document management software CNG-SAFE.

A judge has thrown out the convictions of former BDO Seidman chairman and CEO Denis Field and two attorneys who were convicted last year of tax fraud, calling one of the jurors a pathological liar who had falsified her background and tainted the trial.

The pressing question seems to be not “if” a company will transition to International Financial Reporting Standards, but rather “when.”

Just in case Congress doesn’t get around to passing another extension of the Bush tax cuts by the end of the year, tax experts are advising their clients to take some proactive steps.

A former employee of PricewaterhouseCoopers has pleaded guilty to federal charges that he used his technical skills to provide material support to al-Qaeda.