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The U.S. CPA exam will be administered internationally for the first time this August in Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates.

A new report by the Government Accountability Office reveals an unsurprising fact, that the federal government wastes a ton of money, but exposes it in some surprising ways.

The Securities and Exchange Commission has charged a major supplier of body armor to the U.S. military and law enforcement agencies with engaging in a massive accounting fraud, and separately charged three of the company’s former outside directors and audit committee members for their complicity in the scheme.

IMGCAP(1)]The recent financial crisis reminded us that financial reporting still needs improvement.

A former seasonal employee with the Internal Revenue Service has been indicted by a federal grand jury on charges of computer fraud for changing information on IRS computer systems after her friends and relatives paid her to give them bogus First-Time Homebuyer Tax Credits.

Many taxpayers continue to be affected by the U.S. recession, especially if they were strapped for funds in 2010 and needed to borrow from their 401(k).

Houston-based CPA firm Calvetti, Ferguson & Wagner has acquired Kainer & Company, a tax and accounting consultancy.

The Senate Finance Committee convened a hearing Tuesday aimed at making the Tax Code fairer and simpler, while making U.S. businesses more competitive.

International administration of the Uniform CPA Examination will be offered during the month of August in Japan, Bahrain, Kuwait, Lebanon, and the United Arab Emirates, the American Institute of CPAs, the National Association of State Boards of Accountancy and Prometric announced on Tuesday.

The Internal Revenue Service has released the limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2011.