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PROTIVITI FORMS CRISIS UNITMenlo Park, Calif. - To assist companies in dealing with the plunging markets and subsequent fallout, Protiviti, a provider of internal audit and risk advisory services, has assembled a Financial Crisis Team.

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NOVEMBER17: Not-for-Profit Half-Day Pre-Conference, Illinois CPA Society. Donald E. Stephens Convention Center, Rosemont, Ill. Contact: www.icpas.org or (800) 993-0393.

In the early 1980s I was at a flea market in Arizona and for 50 cents, bought a copy of “On a Clear Day You Can See General Motors,” the autobiography of the late John De Lorean, and his rise from engineer wunderkind, to the maverick head of GM’s Pontiac Division.

House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has selected the accounting firm Watkins, Meegan, Drury & Co. to do forensic accounting on his tax returns and congressional disclosure forms.

Pro basketball legend Earvin "Magic" Johnson has signed a deal with Jackson Hewitt Tax Service to become the company's spokesman in a new advertising campaign.

The past year has seen an unprecedented amount of new tax legislation and regulations affecting business taxpayers.

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The Securities and Exchange Commission was somewhat ambivalent last August when it approved a "roadmap" towards accepting International Financial Reporting Standards for U.S. publicly held companies.Indeed, several months after agreeing on the framework for its ultimate mandate of IFRS accounting beginning in 2014, the regulator still hadn't published an official document outlining its decision. But that apparently isn't dampening accounting firms' commitment to gearing up for IFRS, or to alerting clients to IFRS's sweeping ramifications.