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The Public Company Accounting Oversight Board continues to encounter resistance in inspecting foreign accounting firms that audit the books of non-U.S. companies whose stock trades on U.S. exchanges.

Sally Louise Crystal, the owner of a Costa Mesa, Calif., business called Sal the 1040 Gal, was arrested Tuesday on charges of preparing false tax returns.

H&R Block has closed about 400 of its “under-performing” tax offices out of its network of 11,000 retail tax locations, and eliminated approximately 400 positions throughout the organization.

Livingston, N.J.-based Wiss & Company rolled out a pilot program challenging teams of Montclair State University accounting majors to create and present an expanded business plan for a fictitious soft drink company. The goal? To get students using their knowledge, creativity and communication skills in the area of accounting and business planning.

Senate Majority Leader Harry Reid, D-Nev., has filed a cloture motion on the financial regulatory reform bill as he pushes for the debate to end this week, but with hundreds of amendments still waiting to be decided, he may not get his wish.

Fifty-seven percent of Americans say they are either a little or far behind financially in terms of preparing for retirement, according to a new survey.

The Securities and Exchange Commission has proposed rules that would pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period.

Trust in financial institutions has been severely eroded by the financial crisis, but a new survey has found that the majority of Americans find statements by spokespeople from accounting firms believable.

A federal judge has ruled that Richard Egan, the founder of storage technology company EMC, used illegal tax shelters to try to cheat the U.S. government out of $62 million in taxes after he was appointed U.S. Ambassador to Ireland.

While Sage North America chief executive Sue Swenson gave a general indication of what the company needs to do overall to grow and remain profitable, other top executives delved into specific plans of action to aid partner and company growth during a morning keynote address at the company’s Insights 2010 partner conference, held here.