The Latest

Sage Software doesn’t track the number of accounting firms among its resellers. And that’s a very big symbol of what’s happened in the software reselling market. State of the Art, the company that Sage acquired to help form Sage Software, enlisted thousands of CPA firms and its literature used to report the number representing its MAS 90 line.

The Securities and Exchange Commission signed a memorandum of understanding with the Labor Department to make permanent the sharing of information to help protect the retirement savings of American workers.

President Bush has signed into law a bill that will help homeowners facing foreclosure and shore up Fannie Mae and Freddie Mac.

Over 1.6 million businesses owed more than $58 billion in unpaid federal payroll taxes, including interest and penalties, as of last September, according to a new report.

External audit fees are finally beginning to moderate and in some cases decline for big companies for the first time since the Sarbanes-Oxley Act went into effect in 2004.

Accounting firm Amper, Politziner & Mattia has reorganized its leadership team, appointing a new chairman, CEO and COO.

CPA firm Eide Bailly plans to merge with Murrell, Hall, McIntosh & Co., expanding its staff to over 1,000 and providing combined revenue of $123 million.

Sen. John McCain, R-Ariz., is provoking some ire among conservatives for a comment he made Sunday that appears to be a bit of a retreat from his no-tax-increase pledge.

The Securities and Exchange Commission plans to hold a roundtable discussion on Aug. 4 to compare the performance of International Financial Reporting Standards and U.S. generally accepted accounting principles during the recent period of market turmoil caused by the subprime loan crisis.

The Public Company Accounting Oversight Board has adopted rules and a related form to govern when a firm would be allowed to succeed to the registration status of a predecessor firm following a merger or other change in the registered firm's legal status.