The Latest

The New York State Society of CPAs has sent a trio of new comment letters to the Financial Accounting Standards Board asking for clarification on FASB’s proposed standards for investment company accounting, and supporting its new guidance on principal versus agent analysis and proposals for investment properties.

Sage North America unveiled Sage Source, a personalized, Web-based workspace through which companies can offer their employees secure access to a library of value-added services, ranging from personal payroll history to company announcements and shopping discounts.

Bisk Education has been approved as a continuing education provider by the Internal Revenue Service as part of the IRS’s drive to require tax preparers to undergo mandatory continuing education.

Neal Spencer, who has led Top 10 firm BKD for nearly five years, plans to step down around June 1, according to the firm.

The Internal Revenue Service has finalized its regulations on paying rewards to whistleblowers for up to 30 percent of the proceeds collected for helping the IRS detect underpayments and violations of the tax laws.

Financial Executives International has established its first-ever international chapter, FEI Japan, expanding the organization beyond North America.

A nonprofit group representing the interests of U.S. citizens living overseas met with congressional staffers to push for a residence-based taxation system.

A senior U.S. regulator was "optimistic" on Monday about finding a framework for the world's top economy to use global book keeping rules for investors to compare cross-border companies.

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J. Clarke Price, president and chief executive of the Ohio Society of CPAs, will retire effective Dec. 31, 2012 after a 40-year career with the 22,000-member association.