The Latest

The Federal Reserve has proposed rules to simplify the disclosure of credit-card terms to consumers.

A pair of Michigan accounting firms -- Lewis & Knopf in Mundy Township and Rachor, Purman & Tucker of Flint Township -- have merged.Financial terms of the deal were not disclosed. The combined firm will operate under the name Lewis & Knopf CPAs.

WHK Group is set is to acquire Australia’s Grant Thornton Perth, according to published reports.

Although the recent Council Meeting was run procedurally exactly as many Council meetings I have attended, I did notice some very importanct differences.

In observance of Memorial Day, our offices will be closed on Monday, May 28. WebCPA will resume publishing on May 29.

A U.S. appeals court told the judge overseeing the KPMG tax shelter cause that if he believes federal prosecutors violated the rights of former KPMG employees he should toss the entire case.

Web-based business management software company NetSuite Inc. has unrolled its first mobile customer relationship management and enterprise resource planning offering.

I get many e-mails from readers asking whether I have a financial planner and if so, who? I get some e-mails even from financial planners simply looking for business.So, the answer is yes, I do have a financial planner because I don’t believe in doing it myself--sort of akin to the lawyer who represents himself has a fool for a client or the neurosurgeon who decides to operate on herself. Nope, I may know a lot but I still don’t know what a tried and tested financial planner knows.

The Internal Revenue Service announced that the commissioners of the Australian, Canadian, U.K., and U.S. tax administrations will open a second office of the Joint International Tax Shelter Information Center in London this fall.The commissioners have said that exchanging information in real-time is making a significant difference to the complex task of tracking tax avoidance and abusive cross-border transactions. In recent months, center members have identified and challenged the following fraudulent arrangements:

The Public Company Accounting Oversight Board voted to adopt Auditing Standard No. 5, which will replace its previous internal control auditing standard, the much-maligned Auditing Standard No. 2.