The Latest

Vermont topped the list of states with highest risk for loss due to embezzlement in 2011, according to a new report.

Canada’s three legacy accounting bodies—the Canadian Institute of Chartered Accountants, the Certified Management Accountants of Canada, and the Certified General Accountants of Canada—presented a proposed framework to their members Tuesday for uniting Canada’s accounting profession.

CPAs are more optimistic about business growth predictions for 2012 in their respective states than the nation as a whole, according to a new survey of CPAs in Indiana, Michigan, Ohio and Pennsylvania.

The Internal Revenue Service has filed a tax lien for nearly $500,000 against singer Robin Thicke and his wife, actress Paula Patton, who is currently starring in “Mission Impossible: Ghost Protocol.”

Microsoft announced the release of Dynamics AX 2012 for Retail, its enterprise resource planning product designed to provide midsized and enterprise-level retailers with an offering that includes cross-channel capabilities, social and mobile commerce, point of sale, and enhancements for merchandising.

I was in my spin class the other day and got into a fairly decent conversation about New Year’s resolutions. I told them that I don’t make resolutions, I make choices.

More than three-quarters of investment bankers surveyed by BDO USA indicated that Chinese accounting scandals have led them to increase their due diligence when vetting China-based offerings.

PwC US has launched a joint business relationship with enterprise-wide governance, risk and compliance product maker MetricStream Inc. designed to improve companies’ collective enterprise and IT risk management and risk-based decisions.

CCH Small Firm Services has partnered with tax and accounting services provider Tax Rite Inc. to offer resources for tax advice and technology issues.

The Internal Revenue Service said Tuesday that its Modernized e-File, or MeF system successfully opened this morning at 9:00 am Eastern Time and is now operational for individual tax returns and extensions.