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A law firm representing a group of pension funds suing Mercury Interactive over its stock option backdating said it had achieved a record settlement of $117.5 million.

Two thirds of U.S. workers who call in sick at the last minute do so for reasons other than physical illness, according to a new survey.

The risk assessment standards, FIN 48, valuation standards, convergence, the rewriting and codification of auditing and accounting standards, ethics interpretations, and other changes impacting the accounting and auditing regulatory landscape are being driven by a number of factors. But when push comes to shove on implementation, the burden squarely falls on the companies that these rules apply to, and on CPA firms’ A&A practice group and A&A practitioners.

The Treasury Department convened an initial meeting of its Advisory Committee on the Auditing Profession as the department aims to improve the competitiveness of the U.S. capital markets.

There are certain things in life that are synonymous.

The House of Representatives has approved a bill that would ban private tax collections, but the bill's prospects remain uncertain in the Senate.

Ernst & Young has been named by a law firm that has filed a submission with the Internal Revenue Service's Whistleblower Office, claiming that one of the accounting firm's Fortune 500 clients improperly reduced its taxes by $1 billion through a series of transactions.

The Internal Revenue Service is not doing a good job of managing its paper case files, according to a newly released report.

Intuit is launching a nationwide series of seminars to tell accountants about the latest version of its QuickBooks software to help them service clients.

The European Union is putting the brakes on a push to converge accounting standards by delaying until the end of 2011 the need for companies to use international standards.