Audit & Accounting

McGladrey & Pullen announced Tuesday that its board of directors has reached an agreement with H&R Block to purchase back RSM McGladrey Inc. for $610 million, reuniting the assurance, tax and consulting practices under an integrated McGladrey & Pullen partnership structure.

For as long as I've been eligible to vote, I've always been a proponent of term limits. I believe being elected by a voter constituency to serve in any capacity is an honor and privilege, not an occupational annuity.

Governor Andrew Cuomo has signed a CPA mobility bill into law in New York State.

Non-GAAP earnings numbers are better at predicting a company’s future earnings potential, but they are more subject to opportunistic manipulation and insider trading, a new study finds.

The American Institute of CPAs has recommended that the Securities and Exchange Commission permit public companies in the U.S. to adopt International Financial Reporting Standards on an optional basis.

The Public Company Accounting Oversight Board voted Tuesday to issue a concept release that proposes requiring public companies to change their auditing firms after a certain number of years.

The Public Company Accounting Oversight Board plans to hold an open meeting next Tuesday to discuss its proposed regulations calling for greater auditor independence and mandatory rotation of audit firms.

The Securities and Exchange Commission’s new whistleblower program took effect Friday, and the SEC has created a new Web page where people can report a violation of the federal securities laws and apply for a financial award.

The Treasury Department proposed regulations Friday for a Premium Tax Credit for buying health insurance as part of the effort to implement the health care reform law.

Check out the digital edition of the August 2011 issue of Accounting Today.