The Latest

The U.S. CPA Exam was successfully administered at five international test sites: Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates.

While teaching depreciation to my individual taxation class at the community college, I paused and reflected upon why I love to teach this class so much.

Visual analysis and forecasting software provider ProfitSee on Monday released ProfitSee Pro, a program designed to give financial advisors and CPAs real-time oversight of clients’ key business metrics.

Standard & Poor’s decision to lower the rating on U.S. debt from AAA to AA+ after the debt limit deal generated a lot of heat in Washington, with the political parties blaming each other, and administration officials pointing the finger of blame at S&P.

Herb Kelleher, the colorful long-time CEO of Southwest Airlines, once joked that if the Wright brothers were alive today, Wilbur would have to fire Orville to reduce costs.

A group of Indian American organizations has written to President Obama, Treasury Secretary Tim Geithner and Secretary of State Hillary Clinton asking for relief on penalties for failing to report foreign bank account holdings in India.

The Internal Revenue Service has issued guidance to help taxpayers cope with the carryover basis rules for the estates of people who died last year, when the estate tax was not in effect.

The New York State Society of CPAs sees comparability and quality as two of the main obstacles to the adoption of International Financial Reporting Standards in the U.S.

KPMG has agreed to pay $37 million as part of a $627 million settlement in a class-action lawsuit brought by institutional investors over its former audit client Wachovia.

After the Senate approved a reauthorization of the Federal Aviation Administration, leaders of the tax-writing committees in both chambers of Congress have asked the Internal Revenue Service to reinstate taxes on airline ticket in an orderly way.