The Latest

Schutte & Hilgendorf has expanded its audit practice to include governmental auditing and accounting services.

The Financial Accounting Standards Board discussed the standards for accounting for financial liabilities at a meeting Wednesday and how to address changes in an entity’s own credit risk of financial liabilities measured at fair value.

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A group of computer hackers in Latvia has downloaded millions of confidential tax documents from government computers and is posting the details online to expose waste and corruption among the country’s leaders.

The Financial Accounting Foundation has selected Michael Granof, a professor at the McCombs School of Business at the University of Texas at Austin, to serve as a member of the Governmental Accounting Standards Board.

Liberty Tax Service has reported a 10.2 percent increase in the total number of tax returns filed as of Feb. 15, 2010, and a 28.1 percent increase in revenue generated, a marked contrast with rival H&R Block.

The Securities and Exchange Commission has charged one of Bernard Madoff's key operatives with falsifying accounting records to enable the multi-billion-dollar Ponzi scheme and illegally enrich himself, Madoff, and Madoff’s family and employees.

Accounting Today has announced its first annual Growth & Profitability Summit, to be held Nov. 17-18 at the Wynn Las Vegas Hotel in Las Vegas.

From now until March 19, Virginia college students can either nominate themselves or be nominated for the Virginia Society of Certified Public Accountants’ Leaders’ Institute taking place in June.

The other day, I noted that the IRS has been getting requests for extensions on the comment period for its new rules on disclosing uncertain tax positions on tax returns, and the American Institute of CPAs is now asking for an extension as well.