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Intuit introduced QuickBooks 2008 with more features that allow accountants to work with their clients' businesses.

The Internal Revenue Service is not doing enough to control system administrator accounts on its computers, putting taxpayer information at risk, according to a new report.

A judge has hit New Line Cinema with a $125,000 fine after the studio failed to preserve documents and e-mails it had been ordered to save as part of a legal dispute with director Peter Jackson over the accounting for earnings from the first part of The Lord of the Rings movie trilogy.

Alight Planning introduced financial planning and analysis software with collaborative budgeting, forecasting and financial reporting features.

New proposed Internal Revenue Service regulations to determine the value of a taxable estate may create a series of traps for unwary executors and tax preparers, according to the American Institute of CPAs.Moreover, the regulations lead to the situation where an estate must be held open for a number of years to determine the amount of the deduction for a contingent obligation.

Things change. Even assumptions. When assumptions change - assumptions about interest rates, discount rates, actuarial projections, and the like - other things change as a result.It was the war in Iraq that indirectly brought the issue to light. To the surprise of the U.S. Treasury, the extent of the U.S. military's costs for pensions, other post-employment benefits, and health care costs associated with the Veterans Administration appeared to be lower in 2006 than in 2005, despite an ongoing war.

Japanese electronics giant NEC said it was unable to file its annual report from last year and would not be able to restate prior financial results going back to 2000 because of difficulties reconciling Japanese GAAP standards with U.S. GAAP standards.

Accountants are garnering more power and seats on corporate board audit committees, but their numbers still remain relatively low, according to a newly released report.

CPA firm Alpern Rosenthal said it is merging with Cass, Levy & Leone in an effort to expand from its Pittsburgh base to Florida.

Companies that send employees on extended international business trips and short-term international assignments face tax and immigration risks, according to a survey by KPMG's International Executive Services practice.