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As I read the commentary by national consultant to CPA firms Steve Erickson ("Get independent: Escrow the fees," April 6-19, 2009, page 6), I found the voices of Seth and Amy from Saturday Night Live popping into my head, along with their "Really? Seriously?" routine.

I have a friend with an accounting degree and a law degree who complained about the length and complexity of the annual reports, including those of General Electric (108 pages), Citigroup (242 pages), Warner Music Group (142 pages), Pfizer (170 pages) and Bank of America (192 pages).

FASB GUIDANCE ON FAIR VALUE OF LIABILITIES

One evening not too long ago I was invited to my mother's house for dinner, and prior to sitting down, I flipped on the TV, which happened to be rerunning a classic episode of the great series Seinfeld. The sheer absurdity of the plotline and the dialog had me cackling uncontrollably, while my mother sat there impassively shaking her head.

The Obama administration's proposals aimed at limiting offshore tax abuse are a major change in a generation-old debate on how to tax the earnings of U.S.-owned foreign subsidiaries.

Sage North America announced 500 job cuts as the accounting software developer's U.K. parent company posted revenue declines.

Plans by the Public Company Accounting Oversight Board to send teams of globetrotting U.S. audit inspectors abroad to enforce Sarbanes-Oxley are ruffling the feathers of audit firms and regulators from Stockholm to Shanghai.

AICPA takes profession's concerns over financial reform and tax patents to the Hill

I've given it a lot of thought and have decided that I need to make some drastic lifestyle changes.

The Internal Revenue Service said that 112 U.S. companies, partnerships, individuals and other entities reported receiving almost 2,300 requests to participate in boycotts unsanctioned in the U.S. in 2005 and 2006.