The Latest

A change in the structure of the taxation of carried interest, passed by the House last December and included in the Obama administration budget for 2011, is becoming more likely as the Senate searches for revenue offsets.

The Center for Audit Quality, the CFA Institute, and the Council of Institutional Investors have written to leaders of the Senate Banking Committee asking them not to exempt smaller public companies from Sarbanes-Oxley internal controls audit requirements in the financial regulatory reform legislation.

As the federal government struggles to control runaway deficits, talk of a value-added tax has been gaining both supporters and critics.

A woman who stayed at a California hotel for over two years while claiming to be an undercover IRS agent has been ordered by a judge to pay the hotel for the $55,000 bill she amassed.

Intuit has teamed up with a nonprofit group on Earth Day to promote a free online forum where employees can share and re-use unneeded items, such as office furniture and computer screens, instead of dumping them in the trash.

New research has raised doubts about the ability of auditors to ferret out earnings management.

President Barack Obama visited the Great Hall at Cooper Union in New York to call on Wall Street executives to stop fighting efforts in the Senate to pass financial regulatory reform.

Here’s somestats to support what we already know – going green in the workplace can leadto more green in the bank.

IMGCAP(1)]CPA firms, like many other businesses throughout the country, are feeling the sting of the recession.

SEC Chair Mary Schapiro told the House Financial Services Committee that the SEC’s Division of Corporate Finance plans to use the results of its letter-writing campaign to banks and insurance companies to gauge how much use they are making of the kinds of repurchase agreements that were identified as hiding large debts on Lehman Brothers’ balance sheet.