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Bill Riley, a principal in the Baltimore office of Top 100 Firm Reznick Group, received the American Red Cross' Life Achievement Award on March 31, at the 13th Annual Red Cross Hometown Heroes ceremony.

Rising fuel and food prices are blunting the gains from the economic recovery, hurting Americans’ ability to save and weighing on consumer sentiment, according to a new survey conducted for the American Institute of CPAs by Harris Interactive.

The Internal Revenue Service issued guidance Tuesday designating the earthquake and tsunami in Japan in March 2011 as a qualified disaster for federal tax purposes.

The Financial Accounting Standards Board has revised its accounting standards to provide greater consistency in the treatment of various types of debt restructuring.

House Republicans issued their fiscal year 2012 budget plan, including a provision that would lower the top tax rates for individuals and corporations to 25 percent.

The Senate voted Tuesday to repeal the expanded 1099 information reporting requirements in last year’s health care reform and small business laws, sending the repeal to President Obama’s desk.

The Securities and Exchange Commission has sanctioned five India-based affiliates of PricewaterhouseCoopers that formerly served as independent auditors of Satyam Computer Services Limited for repeatedly conducting deficient audits of the company’s financial statements and enabling a massive accounting fraud to go undetected for several years.

Ernst & Young has acquired business performance management consultancy ISA Consulting for an undisclosed sum.

To celebrate April as Financial Literacy Month, the Texas Society of CPAs uploaded a series of personal finance videos online.

Despite an earnings slide of roughly 13 percent compared to 2009, some 94 percent of financial advisors remain satisfied with their career choice, according to a recent poll.