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The U.S. Public Company Accounting Oversight Board said Tuesday it has entered into a cooperative agreement with the Arab state of Dubai for the oversight of auditors in both countries.

Bolstered by the additional revenue generated by the acquisitions of SurePayroll and ePlan Services, payroll and benefits outsourcing provider Paychex posted a 7-percent rise in second quarter revenue to $545.7 million for the period ended November 30.

The Public Company Accounting Oversight Board voted Tuesday to re-propose for public comment its proposed standards for how auditors should communicate with audit committees.

Document management software provider Doc.It is now offering the Doc.It .Net Client Portal, which allows firms and their clients to securely send and receive documents and files of any size.

Ninety-two percent of financial professionals believe that businesses will either maintain their current employee headcount or increase their employee count in 2012, according to a survey of U.S. accounting firms.

Paid tax return preparers will need to file a due diligence checklist with all claims for the Earned Income Tax Credit starting January 1, the Internal Revenue Service said Tuesday.

The Internal Revenue Service saved about $14.19 million by not mailing out tax form packages this year, but the elimination of the mailings increased the burden on approximately 6 million taxpayers who needed to obtain the forms themselves, according to a new government report.

Employees from West Palm Beach, Fla., CPA firm Caler, Donten, Levine, Porter & Veil recently raised more than $4,400 for a variety of causes.

IMGCAP(1)]Recently one night I was struggling feverishly with my 7th grader’s science assignment on paleobotany.

Enrica Cotellessa-Pitz, the former controller at Ponzi schemer Bernard Madoff’s investment firm, has pleaded guilty to charges of conspiracy, falsifying books and records and making false statements to the Securities and Exchange Commission.