Audit & Accounting

New York Governor David Paterson has signed a bill expanding the regulation of CPAs throughout the state.

A New York federal court judge has ruled that Deloitte & Touche must stand trial in a class-action suit over its Italian affiliate's audits of collapsed dairy processor Parmalat.

The Tax & Accounting business of Thomson Reuters has released new Checkpoint Tools to help accountants handle specialized engagements, risk assessments and internal controls.

The House has approved an $819 billion economic stimulus package despite unanimous Republican opposition.

The Association of Chartered Certified Accountants has created a new site that gives its members the opportunity to share experiences and receive personal support on how to deal with the global economic crisis.

The Public Company Accounting Oversight Board has published guidance to help auditors apply Auditing Standard No. 5 to audits of internal controls at smaller public companies.

Newly approved Treasury Secretary Timothy Geithner moved to provide more transparency in the controversial Troubled Assets Relief Program by posting investment contracts on the Internet.

KPMG has named John Veihmeyer as the new CEO of its U.S. member firm, KPMG LLP, as Timothy Flynn assumes the role of chairman of KPMG International’s newly formed Global Executive Team.

The Senate Finance Committee has approved approximately $522 billion in tax cuts, incentives and investments by a vote of 14-9.

Congress and the Obama administration are crafting what is shaping up to be the single most expensive spending bill in American history, and nobody can agree on whether it will work.