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The Financial Accounting Foundation’s board of trustees released a proposed plan Tuesday calling for the establishment of a new council that would be able to identify, propose and vote on improvements to U.S. accounting standards specifically for private companies, but the changes would still be subject to ratification by the Financial Accounting Standards Board.

Crowe Horwath LLP plans to merge in Perry-Smith LLP on Nov. 1, expanding the Chicago-based firm’s footprint to San Francisco and Sacramento.

Gregorio to Head Marcum's Family Office Practice

A federal grand jury has indicted 55 individuals for participating in a massive income tax fraud scheme based in Southern California that illegally sought over $250 million in tax refunds.

After two years of trying to establish a reseller network for Sage Simply Accounting, Sage North America discontinued support of the program effective Oct. 1, with support for existing solution providers extending until Sept. 30, 2012.

Big Four firm KPMG named Steven Hill to the post of vice chair, strategic investments, as well as a member of the management committee at the global audit firm.

Ernst & Young’s rock band American PI won the Fortune Battle of the Corporate Bands over the weekend at the Rock and Roll Hall of Fame in Cleveland.

With the exception of Spain, Luxembourg, Ireland, and a few other countries, most nations did not increase their top personal income tax rate this past year despite revenue pressures, according to a new report from KPMG.

There are several reasons why the fourth quarter is an ideal time to start a new marketing program targeted at current clients.

Small businesses created 55,000 new jobs in September, while employees worked more hours and made more money, according to figures from Intuit Inc.’s Online Payroll clients.