The Latest

Lattimore Black Morgan & Cain, PC, one of the Southeast’s largest accounting and business consulting firms, has added Joshua “Clay” Morris in its Brentwood (Nashville) office.

CPAs are used to thinking about and planning for audits, but how many have considered the effect of not being able to produce that data? If you lost client information due to data corruption or a disaster, what would be the result to your practice?

A group has sent a nearly 1,400-page filing to the Internal Revenue Service demanding that it “retroactively revoke” the American Israel Public Affairs Committee’s tax-exempt status.

The incoming Congress already appears intent on weakening the financial reform legislation passed by the outgoing Congress.

The Securities and Exchange Commission has obtained an emergency court order freezing the assets of a Colorado man and his company charged with running a Ponzi scheme with money invested for diamond trading.

The Securities and Exchange Commission has voted to propose new rules to strengthen the SEC's oversight of investment advisers and fill important gaps in the regulatory landscape.

The American Institute of CPAs has submitted comments on the Securities and Exchange Commission’s proposed rules on “family offices,” and given the SEC its suggestions on how to define “family clients.”

Jacob “Kobi” Alexander, the former CEO of Comverse Technology who fled to Namibia in 2006 to escape criminal charges related to stock options backdating, has agreed to settle the civil case with the U.S. Department of Justice and the Securities and Exchange Commission for about $53.6 million.

The board of trustees of the Financial Accounting Foundation has appointed nine new members to the Financial Accounting Standards Advisory Council, effective Jan. 1, 2011.

The Internal Revenue Service has selected seven new members and a chairman for the Electronic Tax Administration Advisory Committee.