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Accounting firm Coulter & Justus has sold its Technology Solutions Group to Axis Integrated Solutions, a software reseller that works with Sage Software.

Two CPA firms on California's central coast have announced a merger: Bianchi, Lorincz, Huey, Hudson & Co. and Kasavan & Pope.

General Electric vice president and comptroller Phillip Ameen has joined the advisory board of BNA Tax and Accounting's Accounting Policy & Practice Series.

Grant Thornton CEO Edward E. Nusbaum has worked with the firm for 28 years, but since he took over the helm, the Chicago-based firm has more than doubled its revenue in the last four years, reaching $940 million in 2006.

This week marks the five-year anniversary of the Sarbanes-Oxley Act of 2002. The legislation has proven to be a boon to many accountants and auditing firms, but a bane to many public companies.

Approximately 50 percent of people of color in the accounting industry are at risk of leaving their jobs because accounting firms are botching their diversity programs, said a new study.

The Internal Revenue Service has established new electronic filing rules that it hopes will help quickly identify fraud schemes such as phishing.

Motive has dropped Ernst & Young as its independent auditing firm after its audit committee conducted an investigation into its own past accounting practices, helped by a law firm that hired PricewaterhouseCoopers.

SEC Chairman Christopher Cox says small public companies should start getting ready to comply with the stricter auditing rules of Section 404 of the Sarbanes-Oxley Act, but left open the possibility of another deferral of the requirement.

Huron Consulting Group has acquired Callaway Partners for $60 million in cash to add Callaway's finance and accounting project management expertise to Huron's financial and consulting services.