Securities and Exchange Commission chief accountant Donald Nicolaisen told lawmakers that the regulator is conducting a top-down examination of mortgage-financing concern Fannie Mae. In prepared remarks before a House subcommittee, Nicolaisen said that, although he could not discuss the ongoing investigation, the SEC staff is "thoroughly" investigating accounting practices at the company. In December, the SEC determined that Fannie Mae's accounting practices didn't comply with generally accepted accounting principles, and told the company to restate its financials for the years 2001 through 2004. As a result, company's chief executive and chief financial officer have departed.
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The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami, and Jersey City.
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The first class members of the AICPA and NASBA's pilot Experience, Learn & Earn program are completing their inaugural semester.
April 17 -
A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.
April 17 -
The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.
April 17 -
The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.
April 16 -
Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.
April 16