The Financial Accounting Foundation, overseer of the Financial Accounting Standards Board, named former Paine Webber/UBS managing director Donald M. Young to the board of the accounting standard-setter.Young's three-year term is effective Jan. 1, 2005. He will compete the term of Gary S. Schieneman, who resigned.In addition to a five-year stint at Paine Webber/UBS, Young's resume includes two years as managing director at Prudential Securities, as well as serving as a director and senior vice president at Lehman Bros.He also held a number of marketing and finance posts at Burroughs Corp., now called Unisys Corp.
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The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.
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Shell game shellacking; one tequila, two tequila; cryptocurrency con; and other highlights of recent tax cases.
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The International Public Sector Accounting Standards Board proposed a set of narrow changes to align them with recent guidance from the IASB.
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The rapidly changing profession leaves firms with a host of challenges — and opportunities.
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U.S. and South African accounting organizations extended a mutual recognition agreement through mid-2031, allowing accountants to practice in both countries.
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The accounting standards update offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.
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