The Latest

U.S. District Judge James Robertson said he hopes to issue a ruling by mid-July on how much money Indian Trust beneficiaries failed to receive as a result of the government's mismanagement of their money in a long-running accounting case.

A former UBS banker, Bradley Birkenfeld, pled guilty to conspiring with an American billionaire real estate developer, Swiss bankers and co-defendant Mario Staggl to help the developer evade paying $7.2 million in taxes by helping him conceal $200 million of assets in Switzerland and Liechtenstein.

We all want to do more productive, efficient work.

Japanese electronics giant NEC has settled with the U.S. Securities and Exchange Commission over charges that it improperly booked revenue from its customer contracts and did not maintain accurate books and records, causing the company to miss filing financial statements two years in a row.

The Securities and Exchange Commission has approved a one-year extension of the compliance date for smaller public companies to meet the Section 404(b) auditor attestation requirement of the Sarbanes-Oxley Act.

Milwaukee Brewers first baseman Prince Fielder reportedly owes the Internal Revenue Service a tax debt of $409,149, and the IRS has filed a lien against him to collect it.

The American Institute of CPAs has formed an online Succession Planning Resource Center to help small and midsized firms deal with questions of how their firm should be managed in the future.

Seventy-six percent of the 120 firms in attendance at the Forum for Women in Accounting, a three-day confab in its second year, have a strategic plan in place.

Charles Merrill, a self-made millionaire and cousin of the co-founder of Merrill Lynch, could end up serving three years or more in jail for not filing income taxes since beginning a tax protest in 2004.

Intuit has introduced a free service that helps accountants who have excess work on their hands to find other accountants with the time and resources to assist them.