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Accounting firm Blackman Kallick has named a new managing partner, Steven Schneider.

AICPA CEO Barry Melancon and other accounting profession luminaries have been appointed to the Treasury Department's new Advisory Committee on the Auditing Profession.

The trend toward convergence of accounting standards seems to be picking up speed after a bumpy start, but there are still plenty of hurdles ahead.

"We were stretching our ranks much too thin and we simply couldn't hire people fast enough to keep up with such a rapid growth. I felt the substantial growth was causing us to get away from our culture to have a solid work/life balance. If we had kept letting market conditions run their course on our firm without taking action, we could have lost what made us great--our employees. So we slowed down this rapid escalation and staffed up to provide employees with a good work/life balance."

CCH has introduced CorpSystem, a new line of software for corporate professionals who do tax and accounting work.

Sen. Carl Levin, D-Mich., has proposed a bill that would change the tax treatment of corporate stock option deductions.

Document management provider Cabinet NG has launched a new function that will allow users of any Windows-based business application to integrate with its flagship document management system, CNG-SAFE.

Robert Herz, chairman of the Financial Accounting Standards Board, has said he is in favor of a single set of global accounting standards.

The Internal Revenue Service has issued a new set of allowable living expense standards that it will use to determine the ability of a taxpayer to pay a delinquent tax liability.

While in high school I once read an article in my local paper that detailed how an avid baseball card collector had shelled out something on the order of five digits to own the rookie card of some long-deceased Hall of Famer.