The Latest

Eleven defendants have been charged in a massive scheme to file fraudulent tax returns using the stolen identities of Puerto Rican residents in an attempt to collect more than $18 million in tax refunds.

CBIZ has acquired EAO Consultants, an employee benefits firm also known as Egan, Amato & O’Connor, expanding the accounting provider’s benefits-consulting expertise in the Northeast.

The Financial Accounting Standards Board has officially launched its FASB Accounting Standards Codification, an online interactive research tool that will serve as the single source of authoritative nongovernmental U.S. generally accepted accounting principles.

Young professionals who have earned the Certified Management Accountant designation earn more than their non-certified peers, according to a new salary study released by the Institute of Management Accountants.

New Jersey Governor John Corzine must be breathing a sigh of relief now that his state has recovered over $625 million from a tax amnesty program.

KPMG LLP has named Chris Housman as a new partner in the U.S. firm’s International Corporate Services practice.

The House Education and Labor Committee has approved a bill that would require 401(k) plan providers to provide clear, complete information about the fees they charge.

Harriette Walters, the former tax office manager for the District of Columbia, was sentenced to 17 and a half years in prison for masterminding a tax scam estimated to have cost the district $48.1 million.

Deloitte & Touche has conducted a review for the Royal Canadian Mint to try to account for a $15.3 million discrepancy between a rolling inventory and a physical count of gold owned by the mint and its customers, and Goldfinger is apparently not to blame.

H&R Block saw its first profitable year in four years, after the tax prep giant shed its money-losing mortgage operation.