The Latest

Members of the international Financial Crisis Advisory Group warned at a meeting in London that political pressure on accounting standard-setters posed a threat to “the very existence of international accounting standards.”

The final charge against race car driver Helio Castroneves in his tax case was dismissed just two days before he went on to win the Indianapolis 500 for the third time.

A Texas restaurant owner has been sentenced to two years in jail after he was convicted of trying to bribe an IRS agent by offering her free pizza and a job.

IMGCAP(1)] Think you know what young CPAs want from their firms? Think again. In November 2008, a group of 15 young staff from Chicago area firms got together for the Fourth Annual Rosenberg Associates Staff Forum to get candid about what it’s really like to be young and just starting out in an accounting firm. Here are some of the key realizations from that meeting:

In the accounting profession, the days between February 1 and April 15 have come to be known as “busy season.” However, given the times, I’m not sure we can afford to have that mindset anymore.

The Financial Accounting Standards Board has issued rules to help nonprofit organizations properly account for mergers and acquisitions involving other not-for-profits.

The Treasury Department is advising Social Security check recipients who live in hurricane- and other disaster-prone areas to switch to direct deposit as hurricane season gets underway along the Gulf Coast and Eastern seaboard states and severe weather continues to impact other regions of the country.

An influential group of financial executives is urging Congress to oppose the Obama administration’s proposals for reforming the corporate tax system, especially the rules used by multinational companies to defer paying taxes on foreign earnings.

The House has introduced a bill to ban patents on tax-planning methods and strategies after previous versions of the legislation died in the last congressional session.

The Internal Revenue Service spent nearly two years and $19.5 million to develop its new Web portal, but canceled the project six months before its scheduled completion date, according to a new report.