The Latest

The Ohio Society of CPAs has launched a free online job-listing service to connect businesses with contract CPAs during the recession.

The Financial Accounting Standards Board plans to provide two different views of its new online FASB Accounting Standards Codification when it launches July 1.

Ernst & Young has agreed to a record-setting $109 million nationwide settlement for failing to uncover the financial problems at health care giant HealthSouth.

Accounting firm Citrin Cooperman has admitted five partners to the firm and promoted five other professionals to the position of director, effective July 1.

A white paper released by the White House outlining the administration’s plan for financial regulatory reform recommends that accounting standard-setters make more progress in agreeing on a single set of accounting standards by the end of the year and iron out differences over fair value accounting.

Partners, staff and family members of Philadelphia-based Briggs, Bunting & Dougherty LLP traveled to Eastern Kentucky to volunteer in the area’s impoverished counties – a trip that was challenging, rewarding and humbling for those involved. More than 20 members of the BBD community journeyed last month to disadvantaged communities in Johnson, Magoffin and Martin Counties to work with the Christian Appalachian Project (CAP), a large organization that serves the region.

As a flood of rising technologies such as social networking sites, instant messaging and Second Life begin to get a stronger foothold in the CPA profession, firms should begin deploying them in business-centric areas of the firms such as marketing and recruiting.

Social networks like Facebook and MySpace are being used to conduct investigations to uncover fraud and identity theft, but they could also lead to those same problems.

A “perfect storm” of demographic, individual and financial elements is poised to undermine people’s retirement plans unless they prepare properly, warns a new global survey.

As more CPA firms transition from a traditional hourly billing model to “pricing on purpose” or a value-pricing equation, they are also repositioning themselves from providing services to clients to providing knowledge to clients.