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The Financial Accounting Standards Board has certainly been hearing an earful in recent days from a variety of organizations warning that the amendments it is proposing to two of its accounting statements could lead to a spate of lawsuits.

Many accounting firms and their clients are going to continue facing staffing shortages, so a great deal of attention will be paid on attracting and retaining talent. The focus so far has been primarily on entry-level and more senior staff with a few years’ experience. I believe that more firms and businesses will soon also be paying increased attention to retiring and soon-to be-retiring individuals.

The Internal Revenue Service has not always followed the proper procedures when resolving discrepancies in the money owed by taxpayers for the alternative minimum tax, according to a new report.

A quarterly survey of CFO attitudes shows the level of optimism about the economy is in steep decline.

Morningstar plans to acquire Financial Computer Support Inc., a provider of practice management software for investment advisors.

In our changing economy, mergers have become a common occurrence especially among large corporations. But what happens if partnerships wish to merge?

The Internal Revenue Service appointed J. Richard Harvey Jr. as senior advisor to IRS Commissioner Douglas Shulman.

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

Several organizations are criticizing a proposed standard on accounting for loss contingencies, saying it could lead to possible abuses, including a flurry of spurious lawsuits.

The Securities and Exchange Commission said it would distribute over $48 million to more than 12,000 investors who had been affected by Vivendi Universal's fraudulent financial reporting.