The Latest

Financial Accounting Foundation president Teresa S. Polley has been named CEO of the organization, which oversees both the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

Senate Finance Committee ranking member Charles Grassley, R-Iowa, has asked the Government Accountability Office to analyze who benefits from the federal Build America Bonds program, and the proportion of tax dollars that go to Wall Street banks for fees rather than for the infrastructure projects themselves.

The American Institute of CPAs has written to Congress urging lawmakers to repeal the controversial new 1099 information reporting requirements in the health care reform bill.

Big Four firm KPMG LLP has joined the Certified Implementer Program for the ONESOURCE corporate tax solutions product from the Tax & Accounting business of Thomson Reuters.

Internal Revenue Service Commissioner Doug Shulman said Tuesday the IRS has withdrawn its “John Doe” summonses against the Swiss bank UBS.

IMGCAP(1)] Our clients have credentials and degrees and experience that would put nearly every other profession to shame. But whether they have in-house marketers or hire outside people, they can still miss the boat on differentiating themselves from the competition.

Financial Accounting Standards Board acting chair Leslie Seidman and International Accounting Standards Board member John Smith gave a fast-paced rundown of where the two boards stand on their various convergence projects, and the overall message seemed to be, “We’re listening to you, folks.”

Please do not adjust your set. This is still WebCPA, but now it’s been rechristened Accounting Today for the WebCPA.

Professional service providers now have a new, Web-based appreciation management tool that enables users to select and schedule client gifts for any occasion to be delivered throughout the year.

Intacct has partnered with Web-based point-of-sale collection and integration service Zip2Cloud.