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Washington, D.C.-At least 12 major nations - including several of the U.S.'s top international trading partners - are continuing to slam the door on efforts by the Public Company Accounting Oversight Board to conduct cross-border inspections of non-U.S. audit firms as required by the Sarbanes-Oxley Act.

Cash is still king, apparently, when it comes to recognizing your team’s hard work. In a recent Accountemps survey, 46 percent of CFOs said bonuses were the most effective way of telling their people they have done a good job.

Henny Youngman, the king of the one-liners, used totellaudiences that his accountantassured him he had wisely invested enough money to live on for the rest of hislife.

Accounting firm Marcum’s recruiting arm Marcum Search has opened a temporary services division that will offer temporary employee placements for all types of industries.

The massive report by Lehman Brothers’ bankruptcy examiner reveals that the investment bank did not collapse simply because of the economic climate, but also thanks to a lot of accounting chicanery.

AccuFund, Inc. has expanded the capabilities of its AccuFund Accounting Suite by integrating it with Excel-based financial reporting software F9 Professional Version 5, allowing it to create customizable reports in Excel.

A group of senators has asked executives overseeing the Boys & Girls Clubs of America to account for the high salaries, perks, executive retirement plans and lobbying expenses at the nonprofit group.

Grant Thornton has resigned as the auditor of Yuhe International, a Chinese poultry company, after questioning loans made to a company affiliated with Yuhe’s chairman and CEO.

LECG Corp. has closed its merger with Smart Business Advisory & Consulting.

The Internal Revenue Service is collecting information on approximately 20 Swiss banks, according a letter from UBS, one of the main banks it has been investigating.