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Recovering from a stressful tax season can provide a much needed breather for accountants, but one medical expert has some advice they can use year-round.

Even as the Securities and Exchange Commission weighs the comments that were due this week on its proposed roadmap to International Financial Reporting Standards, IFRS could be on a convergence path of its own with Islamic accounting standards.

“Some Americans are learning a jarring lesson about unemployment as they prepare their tax returns,” reads a recent story from the Associated Press. “Jobless benefits are taxed as income.”

Goldman Sachs and Citigroup reported better than expected financial results last week, but critics are complaining that the two banks bended accounting rules to boost their earnings.

Bernard Madoff’s accountant, David Friehling, is facing an extra month of uncertainty over his legal status after prosecutors filed a continuance with the court.

Sen. Charles Schumer, D-N.Y., along with the five New York City District Attorneys, has unveiled The Fighting Real Estate Fraud Act of 2009, a measure to help fight mortgage fraud scams across the country.

Each year, approximately 140 students graduate with a Ph.D in accounting - not nearly enough to sustain the demand estimated at 500, according to research by David Leslie, chancellor professor of education at the College of William & Mary in Williamsburg, Va.

SAGE AIMS FOR SMALL BUSINESS.

After six days of deliberation, a Miami jury found two-time Indianapolis 500 racing champion Helio Castroneves not guilty of tax evasion.

Former CPA Dan Wise has been arrested and charged with operating a $67 million fraud.