The Latest

Crowe Horwath partner Mark Hildebrand has been named to the board of directors of the American Institute of CPAs.

President Obama has established an interagency Financial Fraud Enforcement Task Force that will work with state and local authorities to investigate and prosecute significant financial crimes.

Intuit Inc. is providing a free conversion tool to small businesses affected by the discontinuation of Microsoft Office Accounting.

Four teams of four students will test their accounting knowledge during the second Long Island Accounting Challenge sponsored by Margolin, Winer & Evens.

IMGCAP(1)]Managing an accounting firm is not easy for a number of reasons, notonly because of the nature of ownership, but also because partners donot usually commit to allowing themselves to be managed. A majority offirms have a managing partner in title and responsibility, but thisindividual usually lacks the authority and power to be effective.

Corefino CEO Karen Watts was at the Financial Executives International conference in New York to talk about her company’s back office outsourcing approach.

A bipartisan bill introduced in the Senate and House would reduce the penalties assessed by the IRS on tax shelter investments by small businesses to put them in proportion with the tax benefits received.

Financial Accounting Standards Board Chairman Bob Herz said the $64,000 question is, “Where are we going with IFRS?” as he described plans for FASB and the International Accounting Standards Board to work more closely on uniting U.S. GAAP with International Financial Reporting Standards.

The IRS has filed a tax lien against actress Zsa Zsa Gabor, claiming she owes $118,321 in unpaid taxes for 2001 and 2002, but her lawyer claims that it’s Bernard Madoff’s fault.

Optimism about the economy among CPAs appears to have stalled, according to a new survey.