The Latest

The American Institute of CPAs has released "Audit Sampling," a newly updated audit guide containing the latest requirements and practices for auditors.

Universal Business Computing Co. has enhanced its payroll and write-up software with the ability to print special and foreign character sets, and has doubled the amount of reporting fields from 500 to 1,000.

Two senators criticized the nonpayment of federal taxes by many U.S. companies and foreign companies doing business in the U.S. after a report was issued this week.

The Securities and Exchange Commission said it has resolved its litigation with Sun Communities over the company's accounting practices and will impose a $25,000 penalty on the mobile home community developer's former CFO.

Approximately two-thirds of U.S. companies and foreign companies doing business in the U.S. paid no federal income taxes between 1998 and 2005, according to a new report.

Microsoft has decided not to upgrade its Microsoft Money personal finance software this year and will sell the software exclusively online now.

A court ruling last week by the U.S. Court of Federal Claims could increase claims for tax refunds by insurance policy holders who sold stock in insurance providers that went public.

Sage Software has released the latest version of its contact and customer management software, Act by Sage 2009 (11.0), improving the program's Microsoft Outlook integration, calendar and activity visibility, and database search features.

Memphis CPA firm Watkins Uiberall has teamed up with management consultancy J. William Appling & Associates to form Watkins Uiberall Strategic Consulting Group.

There are a number of reasons for changing a professional liability policy for an accounting firm, including a merger, cost considerations and coverage concerns.