The Latest

Young accountants are confident,have a clear vision of their career progression, demand job security and aremotivated by money, according to research recently released by the Associationof Chartered Certified Accountants and Mercer, a human resource consultantfirm.

The battle to extend or not to extend the Bush tax cuts has drawn comments from both sides on the potential positive or negative effects of the cuts.

Former SEC chairman Harvey Pitt is warning accountants to watch their backs.

The Internal Revenue Service has filed tax liens totaling $2.1 million against Haitian born singer Wyclef Jean, who recently announced his plans to run for the presidency of his native country.

Truck manufacturer Navistar International has settled with the Securities and Exchange over accounting irregularities, and several of its executives and former executives have agreed to pay stiff penalties to settle fraud charges.

The Public Company Accounting Oversight Board plans to impose more sanctions on accounting firms and managers that don’t adequately supervise their staff.

The acting chairman of the Public Company Accounting Oversight Board, Daniel L. Goelzer, plans to ask Congress to consider a change to the Sarbanes-Oxley Act to allow the PCAOB’s disciplinary hearings of accountants and accounting firms, along with the related proceedings, to be made public.

Starting next tax season, the Internal Revenue Service will no longer provide tax preparers and financial institutions with a so-called “debt indicator” that is often used to facilitate refund anticipation loans.

Two years after winning a $206.9 million Powerball jackpot, Ron Miller has sold his New Mexico CPA firm Miller & Associates to Accounting & Consulting Group LLP.

The Public Company Accounting Oversight Board has adopted a set of eight auditing standards related to the auditor’s assessment of risk in an audit and response to that risk.