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I once knew a slightly free-spirited ex-boxer turned street brawler who, despite his fearsome exploits against mortal men both in and out of the ring, once found himself in a seedy watering hole facing no less than seven angry men wielding baseball bats.

FreshBooks is carving out an unusual niche for itself: catering to freelancers and other self-employed folks who need to send out immediate invoices to maintain much-needed cash flow.

European Union Internal Market Commissioner Michel Barnier plans to introduce draft legislation in November to curb the increasing concentration of auditing work among the Big Four firms.

The Federal Deposit Insurance Corp. has told Republic Bancorp, the main refund anticipation loan provider for Jackson Hewitt and Liberty Tax Service, that the bank’s RALs are “unsafe and unsound” without a debt indicator from the Internal Revenue Service.

Representatives of the U.S. and Japanese accounting standards boards met in Connecticut this week to talk about their efforts to converge with international standards.

A tax preparer who led a tax fraud scheme that resulted in more than $28 million in fraudulent refunds was sentenced in Manhattan federal court to 72 months in prison for his role.

Tiffany Whitmire has been promoted to director of business consulting and joined the management team at accounting firm Rushton & Co. LLC

I recently had the fun experience of working with Mike, a CPA from Los Angeles. It was fun because the experience truly illustrates the standard operating procedures that define my organization and its approach toward clients that enter our doors. In essence, Mike was guided through a fitness journey that began with rehab and ended with peak performance.

Check out the digital edition of the February issue of Accounting Today.

James Doty, the newly appointed chairman of the Public Company Accounting Oversight Board, believes auditors need to be doing a better job of detecting suspicious patterns and practices at the companies they audit, and to do a better job of communicating their concerns.