The Latest

The Securities and Exchange Commission voted unanimously on Friday to propose requiring public companies to disclose more information to investors about their short-term borrowing arrangements.

The Internal Revenue Service’s Office of Chief Counsel should improve the timeliness of the private letter rulings it issues and reduce the number of rulings issued, recommended a new government report.

WebCPA and Accounting Today’s parent company SourceMedia has signed a strategic partnership with iLumen to offer a new online resource that will allow CPAs and other accounting professionals to monitor the financial performance of their business clients through an automated client analytics and business intelligence portal.

The Financial Accounting Standards Board is asking for input on how to improve the accounting for insurance contracts in financial reports through a new discussion paper.

The Treasury Department said that it has reached the milestone of processing its one-billionth electronic tax payment through its Electronic Federal Tax Payment System.

Financial Accounting Standards Board technical director Russell G. Golden has been appointed a member of the board, filling one of three vacancies on the newly expanded panel.

Congrats to Louisville, Ky.-based Louis T. Roth & Co. for being selected as a recipient of the 2010 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility.

Positions have hardened on the subject of tax preparer registration and the proposed regulations slated to become final before the program of registering for preparer tax identification numbers begins.

Warren, Averett, Kimbrough & Marino, one of Alabama's largest CPA and business consulting firms, has entered into a long-term recordkeeping and third-party administration service engagement with Dallas-based financial services firm, ISC Group Inc.

Kenneth M. Donohue, inspector general of the U.S. Department of Housing and Urban Development, has been hired by Reznick Group as a principal in the firm’s government services group.