The Latest

CCH, a Wolters Kluwer business, announced that its 2007 User Conference for tax and accounting professionals will be held Nov. 4-7 at the Gaylord Texan Resort & Convention Center.

On the heels of News Corp.’s bid for The Wall Street Journal, electronic publisher Thomson Corp. confirmed that it will offer $17.5 billion for the Reuters Group news service.

Among 47 industries, MBA candidates ranked accounting as the lowest-paying field in a recent survey.The average expected starting salary for MBAs working in auditing, accounting and taxation was about $64,000, according to the poll of 5,000 current MBA students. Five years after graduation, the MBA candidates expected accounting-related work to pay just over $111,000.

My generation has proven itself to be suckers for online social networks.

The Securities and Exchange Commission plans to issue a proposal to have new rules in place for corporate annual meetings in 2008, according to published reports.

The Association for Accounting Marketing has released its 2006 Accounting Marketing/Sales Responsibility and Compensation Survey Results. The survey was very comprehensive, and shows an interesting snapshot of where many firms are with regard to marketing.

The Treasury Department issued rules last week aimed at dismissing some of the uncertainties around Roth 401(k) plans.

Effective immediately, newly credentialed New Jersey CPAs will have to attend an orientation program within six months of qualifying as a CPA.Thanks to a bill signed last week by acting New Jersey Gov. Richard Codey, the state Board of Accountancy will now get to work determining what exactly that program curriculum will include. Ralph Albert Thomas, executive director of the New Jersey Society of CPAs, which supported the bill, told a local newspaper that at minimum, the program will contain a course on New Jersey law and ethics.

A beef over legal fees could mean that the fate of a $10 million verdict won by a pair of Atlanta millionaires against PricewaterhouseCoopers is in greater limbo than previously thought.

The Accounting and Finance Employee Confidence Index, a measure of overall confidence among accounting and finance workers in the U.S., dropped 1.7 points, to 62.9, in the first quarter of 2007, according to a recent survey commissioned by Spherion Corp.