The Latest

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.

Unlike many others, I love getting tons of e-mail as it helps me see what makes an accounting firm stand out. And that was the case with the Summer 2008 issue of Rachlinnews, a PDF of which was e-mailed to me. I receive a great number of firm newsletters, those done by firms and by third-party providers.

The Senate has passed a housing rescue plan by a vote of 72-13 aimed at stemming the tide of foreclosures and shoring up Fannie Mae and Freddie Mac.

KPMG has released a study that ranks cities with the most favorable tax structures for business.

An Internal Revenue Service employee has pleaded guilty to illegally accessing the personal information of more than 200 celebrities and sports figures.

BDO Seidman reported that its annual revenue increased 11.9 percent to $659 million for the fiscal year ended June 30, 2008 from $589 million the previous fiscal year.

Camico Mutual Insurance, the largest CPA-owned mutual insurance company in the U.S., named Ric Rosario as its new CEO.

Accounting firm Burr Pilger Mayer has introduced an employee stock ownership plan that it is offering to all of its 325 employees.

In “Sideways,” the surprise hit movie of several years ago, one of the female leads explains to her nerdy, and obviously smitten, dinner companion, her fondness for wine.