The Latest

PricewaterhouseCoopers said the Financial Accounting Standards Board and the International Accounting Standards Board should slow down the pace of their standard-setting work, even though the two boards have recently extended the timeline for exposing new standards to the public.

The Internal Revenue Service has opened a special telephone line for taxpayers affected by the Gulf of Mexico oil spill.

The IRS Oversight Board has improved its internal financial management, but more needs to be done, according to a new government report.

Accounting and consulting firm Rehmann has closed its acquisition of Veritas Global, a firm that provides corporate investigative services and business intelligence.

This weekend and into early next week, members of JHI, a global network of accountancy, business advisory and financial consulting firms, will be sailing away aboard the Star Victory Cruise ship during its Asia-Pacific Regional Conference and Annual General Meeting in Hanoi, Vietnam.

In her first report of the year, National Taxpayer Advocate Nina Olson cited the new Form 1099 reporting requirements among her objectives for focus during the fiscal year ahead.

First Lady Michelle Obama stopped by the offices of the Treasury Department this week to meet a 60-year IRS veteran and the widow of a slain IRS employee.

Shane Garbutt, a former inspections leader of the Public Company Accounting Oversight Board, has joined MaloneBailey as an audit partner.

WithumSmith+Brown has promoted four senior managers to partner level, effective July 1.

A former IRS revenue officer has been sentenced to nearly three-and-a-half years in prison for filing false tax returns through the tax prep business he operated after leaving the IRS.