The Latest

The Public Company Accounting Oversight Board has created an Investor Advisory Group to solicit input from investors on how to carry out the board’s responsibilities in overseeing public auditing firms.

Switching to International Financial Reporting Standards could prove to be a costly move for many companies’ IT departments, according to a new report by Ernst & Young.

The House of Representatives has approved another $2 billion for the “cash for clunkers” program as it unexpectedly came close to running on empty after just a week in service.

The push for a “lowest common denominator” set of international accounting standards, along with the failure of Sarbanes-Oxley reforms to curb last year’s financial meltdown, are among the factors contributing to the ongoing global recession, experts in corporate governance told Congress.

The Treasury and Energy Departments plan to distribute at least $3 billion for renewable energy projects to companies that agree to forgo future tax credits.

NetSuite saw a 10 percent increase in revenue for the second quarter, jumping to $40.3 million this year from $36.6 million in last year’s second quarter, but the company also experienced a larger net loss on a GAAP basis.

Consumer taxes on items such as gasoline, cigarettes and retail sales are trending higher, according to a report by CCH.

Minority accounting doctoral students will gather today and over the weekend in New York City for their annual conference.

IMGCAP(1)]It is widely believed that the U.S. financial system needs asystemic risk regulator to help prevent future financial crises. Thedebate is centered not on whether we should have such a regulator, butwhich agency should be anointed and what powers it should have.

The Internal Revenue Service revised the information on its Web site about its voluntary disclosure program this week, but many taxpayers are still afraid to come forward.