The Latest

The House Financial Services Committee voted to exempt small and midsized public companies from Sarbanes-Oxley audit requirements.

Now that Warren Buffett has joined Goldman Sachs in a bid for $3 billion worth of tax credits from the government-seized mortgage holder Fannie Mae, there seems to be a new twist on the definition of “troubled assets.”

Intuit has named eight new members to its 17-person Accountant and Advisor Customer Council.

The Center for Audit Quality and other influential organizations are asking leaders of the House Financial Services Committee to safeguard the role of the SEC in overseeing the Financial Accounting Standards Board.

The International Accounting Standards Board has issued a revised version of its standard for related-party transactions, simplifying the disclosure requirements and clarifying the definition of a related party.

Businesses with less than 50 employees shed 75,000 private sector jobs in October, according to the latest monthly employment report from payroll giant ADP.

An IRS employee has admitted to stealing money from the mail that had been sent to the facility where she worked.

Single ladies, the next time you want to whip out the credit card to buy that new Armani suit to impress the ties at your next meeting, think about this – you’re playing into the statistic that women building their career are more likely to rack up credit card debt than their male counterparts. At least according to a new analysis done by Consolidated Credit Counseling Services Inc., a national debt counseling organization.

The IRS’s plans to create a new unit to examine high-income taxpayers with complex offshore tax structures could prove to be a boon to both accounting firms and tax attorneys.

Financial planning trade groups have written a letter to congressional leaders protesting an amendment that would extend the regulatory authority of the Financial Industry Regulatory Authority to cover investment advisers who are associated with broker-dealers under FINRA authority.