Audit & Accounting

Israel's fifth largest accounting firm, BDO Ziv Haft, has reportedly cut salaries across the board by 5 to 10 percent for all but the lowest paid employees.

Accounting firm Parente Randolph has merged with two other firms: Altenburger, Uris, Caglioti & Heyman, and William R. Hoffman Ltd.

With 210 federal securities class-action lawsuits filed in 2008, the level of litigation last year was at its highest level since 2004, according to a new study.

They’re back and ready to dole out hundreds of billions of dollars in new tax cuts and spending, but will it be enough to restart the limping economy?

National Taxpayer Advocate Nina Olson said in her annual report to Congress that taxpayers affected by the recession should be treated more compassionately by the IRS.

The Securities and Exchange Commission has appointed James L. Kroeker as acting chief accountant, replacing Conrad Hewitt, who retired Monday.

President-elect Barack Obama and his transition team reportedly plan to propose approximately $300 billion in tax cuts as part of an overall economic stimulus package.

Accounting firm Holtz Rubenstein Reminick plans to hold a town hall-style meeting for New York-based individuals or businesses that were defrauded by Bernard Madoff's investment scam.

SEC Inspector General H. David Kotz told a congressional panel that the Securities and Exchange Commission is ramping up its investigation of Bernard Madoff and his $50 billion Ponzi scheme.

The economic turmoil of the past year presents a unique opportunity for accountants to broaden their practices to include financial planning.