The Latest

XBRL US named Alfred R. Berkeley as the new chairman who will lead the board in 2008.

New Line Cinema has been sued by the estate of author J.R.R. Tolkien for $150 million over the proceeds of the Lord of the Rings movies, charging the studio with using "creative accounting" to avoid paying it a share of proceeds from the hit films.

On a day when Treasury Secretary Henry Paulson and six major banks announced a 30-day moratorium on foreclosures on some types of property, the Internal Revenue Service said homeowners whose mortgage debts were partially or entirely forgiven could claim relief on a newly revised IRS form.

KPMG is holding a five-week competition among auditing students from more than 27 colleges and universities around the country.

The Institute of Management Accountants has introduced a new finance, governance, risk and compliance research practice.

CPA firms are growing their revenue and billing rates, thanks to effective practice management, according to a newly released publication.

Now that clients have received their W-2 forms from their employers, we’re starting to get into the main part of tax season.

A former PricewaterhouseCoopers auditor has settled charges with the Securities and Exchange Commission over his audits of video game developer Take-Two Interactive Software.

Catapult Communications Corporation recently announced that it is changing accounting firms. What was intriguing about the press release was the detailed reason given for changing from a Big Four to a regional firm. It made the change “to significantly reduce its accounting expenses.”

An appeals court has overruled $300,000 in penalties levied against accounting firm Grant Thornton in a case involving the firm's audit of the First National Bank of Keystone.