The Latest

A working group has started providing guidance on new international accounting standards for small and midsized companies.

The American Institute of CPAs has appointed Deloitte partner Richard Paul as chairman of its Financial Reporting Executive Committee to succeed Jay Hanson, who was recently tapped to join the Public Company Accounting Oversight Board.

A California technology company has filed suit for the second time against the Financial Accounting Standards Board, alleging antitrust violations and willfully attempting to misappropriate patented technology after it submitted a comment to FASB recommending its technology.

Senators Tom Coburn, R-Okla., and Claire McCaskill, D-Mo., have introduced a bill that would require the Internal Revenue Service to collect unpaid federal income taxes from civilian federal employees.

The Internal Revenue Service said Thursday that it is making major changes to its tax lien process in an effort to help struggling taxpayers get a fresh start with their tax liabilities.

Woburn, Mass.-based accounting firm DiCicco, Gulman & Co. was granted a 2010 Gold Footprint Award this week from Building Impact, the nonprofit that connects people in Greater Boston-area commercial and residential buildings with local volunteer and charity opportunities.

Ernst & Young has managed to transfer the lawsuit brought by former New York Attorney General (and now Governor) Andrew Cuomo over its audits of Lehman Brothers from state court to federal court, but the new attorney general wants to move the case back to his turf.

IMGCAP(1)]It is rare for an accountant to go through his or her career without being subpoenaed for a deposition.

The effects of the financial crisis continue to be felt by small businesses, according to small and midsized accounting practitioners recently polled by the International Federation of Accountants, but they believe this year will be a better one for their firms.

The Internal Revenue Service has provided guidance on the federal tax consequences of payments made to homeowners under programs established for the hardest hit housing markets, along with the necessary information reporting requirements.