Audit & Accounting

Ernst & Young and Swiss bank UBS have been sued by a group of investors in Luxembourg who put money in a fund that directed 95 percent of their assets to Bernard Madoff’s firm.

The economic crisis will force many companies to cut costs at their internal audit departments, according to a new study from PricewaterhouseCoopers.

The economic crisis is prompting more and more small-business owners to turn to their accountants for advice, according to a new survey.

A federal court in Texas has ruled in favor of the Internal Revenue Service as it seeks $226.6 million worth of back taxes from Sir Allen Stanford, the banker who has been accused of defrauding investors of $8 billion.

If you ever meet Leisha John, check out her fingernails.

In response to public outrage over the $165 million in bonuses awarded to AIG executives, the House voted 328 to 93 to levy a 90 percent tax on the money.

The American Institute of CPAs said that it backs the creation of a monitoring board that would link the International Accounting Standards Board to government regulators in different countries.

The Financial Accounting Standards Board and the International Accounting Standards Board are working together on resolving the knotty problems involved in lease accounting.

No matter how much money your client has, it’s crucial to have a basic estate plan simply to ensure that the financial goals of the client are met after the client dies.

The Public Company Accounting Oversight Board has raised the aggregate 2009 fee it assesses to public companies and other issuers to $157.4 million from $151.8 million.