The Latest

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.

The American Institute of CPAs has relaunched its 360 Degrees of Financial Literacy site with personalized interactive tools and information to help users better manage their finances.

The Senate Agriculture Committee has approved bipartisan legislation that would require derivatives to be traded on regulated exchanges and cleared through central clearinghouses, advancing the financial regulatory reform effort.

Accounting and customer relationship management application integration provider DBSync LLC is expanding its support for cloud computing by offering integration with QuickBooks Online Edition, and by extending its support of QuickBooks Desktop adapters.

U.S. bookkeeping franchisor BookKeeping Express said it is expanding its license program throughout Canada.

Dr. Kevin L. James was recently named chairperson of the Department of Accounting at North Carolina A&T State University, effective July 1, 2010.

The Senate Finance Committee held the first of a series of hearings on the Obama administration’s proposal to tax financial institutions in order to recoup losses from the Troubled Asset Relief Program.

The Institute of Internal Auditors’ Internal Audit Standards Board has proposed several changes to the standards for internal auditors, including what should happen when giving an opinion on an audit, and the role of outsourced service providers.

The proportion of adult Americans who say they have been able to save money within the past 12 months splits practically down the middle, according to a new survey by the American Institute of CPAs and Harris Interactive.

They certainly aren’t the only firm who has donated money to the Accounting Doctoral Scholars Program, but Crowe Horwath has contributed $81,250 of its total commitment of $325,000.