The Latest

For many, an internship is an introduction to a whole new world — it provides the foundation for a professional career.

Kurt Schacht, the managing director of the CFA Institute's Centre for Financial Market Integrity, is reportedly among the lead contenders to become chairman of the Public Company Accounting Oversight Board.

A federal judge in San Francisco has signed a permanent injunction order barring the developer of a complex tax scheme involving numerous entities located around the globe and sales of over $1.25 billion in securities from promoting the scheme.

The tax subcommittee of the President’s Economic Recovery Advisory Board has decided to postpone its report outlining tax reform plans for the White House after being inundated with suggestions.

Dubai World stunned investors late last week when the government-controlled company announced that it needed to restructure $26 billion in debt, but some of the problems may be related to its accounting.

The SEC has charged a hurricane restoration company and several of its executives with lying about nonexistent business deals in the wake of Hurricane Katrina and fraudulently inflating the company’s stock price before the CEO sold millions of dollars in company shares.

The Internal Revenue Service plans to conduct a three-year research study on employment tax compliance starting in February.

The dispute between Overstock.com and Grant Thornton heated up after the Internet retailer’s chief accused the firm of “inconsistencies and inaccurate statements.”

South Florida accounting firms Daszkal Bolton and Chaves & Armstrong are combining to build a larger multinational tax and SEC accounting practice.

Houston-based PKF Texas is on the edge when it comes to its young professionals – and that’s a good thing. The firm was recently honored with an Edge Award from the Leading Edge Alliance, an international professional association of independently-owned accounting and consulting firms.