Audit & Accounting

Three-quarters of U.S. CEOs expect to see foreign companies investing more in U.S. businesses over the next year, according to a survey by Grant Thornton.

An Ernst & Young partner has teamed up with a movie studio accountant to produce an online comic book based on the TV series and recent movie Get Smart that provides an overview of tax deductions for the film and TV industry.

Education consultancy Professional Education Services has created an affiliate program for CPAs and certified financial planners to give them access to its college-funding software.

The National Football League is asking for an exception to new Form 990 rules that require tax-exempt organizations to disclose the names and salaries of any executives who earn more than $150,000 per year.

The American Institute of CPAs and Texas Tech University's Division of Personal Financial Planning have teamed up to offer a new educational program for gaining the AICPA's Personal Financial Specialist credential.

The American Institute of CPAs has released "Audit Sampling," a newly updated audit guide containing the latest requirements and practices for auditors.

The Securities and Exchange Commission said it has resolved its litigation with Sun Communities over the company's accounting practices and will impose a $25,000 penalty on the mobile home community developer's former CFO.

The Financial Accounting Standards Board has certainly been hearing an earful in recent days from a variety of organizations warning that the amendments it is proposing to two of its accounting statements could lead to a spate of lawsuits.

The Internal Revenue Service appointed J. Richard Harvey Jr. as senior advisor to IRS Commissioner Douglas Shulman.

Several organizations are criticizing a proposed standard on accounting for loss contingencies, saying it could lead to possible abuses, including a flurry of spurious lawsuits.