The Latest

Frank Piemonte over at River Communications, a company that handles public relations, marketing, and corporate communications for many prominent clients, sent me some info that was new to me. He says that according to the Senior Sentiment Survey from Financial Freedom, some one-third of senior homeowners are carrying mortgage debt on their primary home. We’re talking about seniors aged 62-75. And of these seniors, 59 percent indicate they still have 10 years of more before the mortgage is paid off while 27 percent have more than 20 years left on their mortgages.Financial Freedom commissioned Harris Interactive to conduct this, its third annual study on the opinions of senior citizens in the U.S.

The Public Company Accounting Oversight Board will vote on a final standard on auditing internal control over financial reporting next week, as well as taking up a related independence rule and conforming those amendments to the board’s auditing standards.

SMART Business Advisory and Consulting LLC announced that a Boston-based private equity firm has invested $60 million into its business.

Section 404 compliance cost corporate America less in Year 3 of its adoption, than in each of the first two years, according to a recent survey.

The Internal Revenue Service Oversight Board met in early May to discuss the status of the IRS Private Debt Collection Program, as well as the budget for the IRS’s 2009 fiscal year.

Not even a month after talks were announced, two of Canada’s largest accounting firms have called off their merger talks.

Software products can be as hard to kill as a cockroach. Consider DacEasy.

Only 6 percent of companies have assessed how statement No. 157, “Fair Value Measurement,” will impact the valuation of their assets and liabilities, according to a recent online poll conducted by Deloitte Financial Advisory Services LLP.

The trustees of London-based Reuters Group have given their consent to a $17.2 billion combination offer from electronic publisher Thomson Corp, based in Toronto.

Tyco International Ltd. agreed to pay about $3 billion to settle shareholder lawsuits that arose after top executives at the company were found guilty of looting the business and falsely inflating its value.