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The Internal Revenue Service said it would add distressed-asset trust transactions to its list of tax avoidance transactions, signaling that such transactions need to be disclosed and may be subject to penalties.
February 28 -
The House has again passed an energy tax bill that would increase taxes on major oil and gas producers by $18 billion while providing incentives for renewable energy.
February 28 -
Two audit partners at Deloitte & Touche have agreed to be barred from practicing before the Securities and Exchange Commission to resolve a case involving auto parts maker Delphi.
February 28 -
The Financial Accounting Foundation's board of trustees has voted to approve sweeping changes in the oversight, structure and operations of the Financial Accounting Foundation and its two standards-setting boards, the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
February 28 -
The Internal Revenue Service said it is beginning enforcement actions against more than 100 U.S. taxpayers who have been sheltering their funds from taxes by depositing them in secret bank accounts in the tax haven of Liechtenstein.
February 27 -
Deloitte has teamed with the Institute of Internal Auditors on an educational alliance and curriculum for fighting fraud.
February 27 -
A 61 percent majority of chief financial officers at leading U.S. technology companies feel that shareholders should have a say on executive compensation plans, according to a new survey.
February 27 -
Becker Professional Review has introduced a scholarship program that will award Becker CPA Review scholarships valued at $2,690 each to 50 students who need financial assistance to prepare for the CPA Exam.
February 27 -
The Public Company Accounting Oversight Board has proposed an auditing standard on engagement quality review and a conforming amendment to the board's interim quality control standards that will supersede the board's interim concurring partner review requirement.
February 27 -
Four former executives of re-insurer General Re and one former executive of insurer American International Group were convicted by a jury of fraud and conspiracy for manipulating financial statements.
February 27