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Not so long ago, NetSuite barely factored in to Microsoft's ERP business, but a recent initiative by the mammoth technology concern has channel partners on both sides agreeing that Microsoft has become concerned about NetSuite's rising status in the market.

Washington, D.C.-The House Financial Services Committee plans to probe the regulatory failures that led up to the collapse of Lehman Brothers after a bankruptcy examiner released a damning report in March on the investment bank's accounting manipulations.

In their "Spirit of Accounting" column, "D

I'm embarrassed. I just finished an article about the $31 million fraud case at Koss Corp. Its auditor, Grant Thornton, said, "The company did not engage Grant Thornton to conduct an audit of internal controls over financial reporting. Establishing and maintaining effective internal controls is management's and the board's responsibility."

I would beg to differ with your opening supposition this month ("Firms jogging, not sprinting to IFRS," Feb. 15-March 14, 2010), in which you stated that, "U.S. firms and practitioners have accepted the when, not if, scenario, regarding IFRS convergence."

I am a trained accountant with a Bachelor of Science and a Master of Business Administration degree with a major in accounting. I do not practice public accounting and enjoy reading Accounting Today and get some educational benefit from reading many of the articles.

Washington, D.C.-A series of freshly reconstituted riskassessment audit standards proposed by the Public Company Accounting Oversight Board have come under fire from the Government Accountability Office.

When CPA Tom Klismith began the decision process to place solar electric panels at his office in Plover, Wis., he did his homework. Initial cost, tax benefits, incentives and depreciation were just a few of the things he needed to consider.