The Latest

A federal judge here has ruled that a professionalliability insurer is not obligated to defend or indemnify an accounting firm inconnection with the recommendation by a firm member of a tax-sheltertransaction.In its ruling, thecourt held that the firm member was acting as an agent for the company thatmarketed the plan.

College students who want some guidance on helping themselves stand out in the oversaturated job market, may want to consider downloading a new eBook launched by PricewaterhouseCoopers.

IMGCAP(1)]Corporate valuation is all about numbers—revenue, EBIT and the like. But what’s behind the numbers? In many cases, it’s confidence and, specifically, confidence in the business.

Talk about killjoys. The state of Maine is getting set to impose taxes on clowns, jugglers, ventriloquists, DJs, balloon rides and other forms of entertainment.

The Public Company Accounting Oversight Board has proposed an auditing standard on “Communications with Audit Committees,” and a series of related amendments to interim standards.

The Internal Revenue Service has filed a tax lien for over $15,000 against former Washington, D.C., mayor Marion Barry, claiming he owes taxes for 2005 through 2008.

The Justice Department has asked a federal court to permanently shut down a Miami tax preparer who was falsely claiming the First-Time Homebuyer Tax Credit on his clients’ tax returns.

The International Ethics Standards Board for Accountants has released a draft plan setting out a proposed strategy for the next three years on ways for accountants to deal with conflicts of interest, suspected fraud and other issues.

Small businesses have continued to hire more employees in March, extending a trend that began in mid-2009, according to a new payroll report by Intuit.

Clarity Systems has issued a downloadable guidebook to help companies comply with the SEC’s recent requirements for public companies to begin filing their financial statements in Extensible Business Reporting Language format.