The Latest

At least one critic of the proposed changes inmark-to-market and fair value accounting rules is changing his tune and seeingsome positive signs in the final version.

Only 23 percent of senior financial executives believethat the economy will improve in the next six months, according to a new pollby Grant Thornton, and 39 percent expect their company's headcount to decrease.

The Texas Society of CPAs warned the Financial AccountingStandards Board that FASB's recently approved changes in fair value accountingstandards could damage the credibility of CPAs in general.

Deloitte will be able to proceed with a lawsuit against a former vice chairman the firm accuses of insider trading, a judge ruled.

The Treasury Department hopes to convince more recipientsof federal benefits such as Social Security payments to sign up for directdeposit, instead of waiting for the check to arrive.

Accounting Technology magazine has published its annuallist of the Top 100 value-added resellers ofaccounting software.

The Internal Revenue Service paid out $16.3 million in false refunds and 2,071 false stimulus payments totaling $1.2 million last year.

In another working lifetime I had the opportunity to interview Al Ries, a 50-year veteran of the advertising wars who, along with his partner, Jack Trout, operated Trout & Ries, one of the most respected agencies along the Madison Avenue corridor.

Apparently accountants aren’t the only ones about to face a mass retirement exodus.

Newly released data indicates that last year the InternalRevenue Service audited only about 15 percent of large financial servicescompanies - those with $250 million or more in assets - compared with 64percent of corporations of similar sizes.