The Latest

Brigham Young University’s Marriott School of Business finished in the top three of the Public Accounting Report’s 29th Annual Survey of Accounting Professors for the 16th consecutive year.

The Institute of Chartered Accountants of England and Wales is calling for a “big bang” approach to implementing a series of new International Financial Reporting Standards.

The Bonadio Group, a regional CPA and business advisory firm in upstate New York, has restructured its management, creating a three-person committee to oversee operations in its six offices.

After prodding by a group of senators and an embarrassing report by the Treasury Inspector General for Tax Administration, the Internal Revenue Service has signed an agreement with the Bureau of Prisons to end fraudulent tax returns filed by prisoners.

Jon T. Trautman, CPA, has been named a shareholder of Schenck SC.

Irving H. Picard, the trustee for the liquidation of Bernard Madoff’s asset management firm, has filed a complaint against JPMorgan Chase, claiming the bank had suspicions about Madoff’s Ponzi scheme going back to at least 2006, but waited until 2008 to alert authorities while it earned hundreds of millions of dollars from doing business with Madoff.

The unemployment rate fell by 0.4 of a percentage point to 9.0 percent in January, while nonfarm payroll employment changed little, with the addition of 36,000 jobs, according to the U.S. Bureau of Labor Statistics on Friday.

The new cost basis reporting rules won’t affect this year’s returns, but they are already in effect.

The Public Company Accounting Oversight Board said Thursday that Steven Richards, the former assistant chief accountant in the Securities and Exchange Commission’s Division of Enforcement, will be joining the board as special adviser to the PCAOB’s new chairman, James R. Doty, at the end of March.

Managing a family office or philanthropic foundation can be difficult, so it helps to get training at an early age, and among the descendants of the late bandleader Lawrence Welk, that education starts before they can even legally buy champagne.