The Latest

The Internal Revenue Service has given businesses a simpler process for requesting relief for late elections.

CA was denied a chance by a federal judge to try to force company founder Charles Wang to be liable for the costs of the $2.2 billion accounting scandal at the software company.

The greatest thing about Generation Y is something that was said at the Partner Channel conference last week—they have great contempt for retreats and all-day meetings.

With performance lagging in the company's North American business, the Sage Group purged that region's C-level suite, ousting Sage Software chief executive Ron Verni, chief financial officer Jim Eckstaedt and chief technology officer Jim Foster, amid recent changes in the company’s culture and its divisional operations.

The Securities and Exchange Commission has appointed Paul A. Beswick to serve as senior advisor in the SEC Office of the Chief Accountant.

The U.S. Supreme Court heard arguments in a case that could determine the ability of defrauded investors to sue third parties in an accounting fraud case, including a company's outside auditors, advisors and lawyers.

The KPMG tax shelter case got underway with jury selection and a drastically reduced set of defendants.

Enterprise software giant SAP said it would acquire business intelligence software developer Business Objects in a cash deal valued at about $6.8 billion.

CaseWare IDEA Inc. and Audimation Services Inc. have released IDEA Version 7.2, the latest version of their software to give accounting and financial professionals additional capabilities to assist with audits, detect fraud and meet documentation standards.

Oversight Systems Inc. has launched a new way for users to access their forensic monitoring system, through online software.