Audit & Accounting

Financial Web site myStockOptions.com has opened an online Tax Center that explains issues related to equity compensation for tax year 2007.

The first waves of Baby Boomers have turned 62 this year and started claiming Social Security benefits. But, according to the National Association of Insurance Commissioners (NAIC), many are confused about their post-retirement health insurance options. As a result, the association has offered 10 tips that planners should consider with their clients:

Clifton Gunderson, the 14th largest accounting firm in the U.S., has named Krista McMasters as the firm's first female CEO.

The Senate Finance Committee heard testimony from Roby B. Sawyers, a professor in the College of Management at North Carolina State University and a member of the American Institute of CPAs' Tax Executive Committee, about the institute's recommendations for estate tax reform.

A shortage of skilled labor is constraining the growth of private business, according to a report released by Grant Thornton.

Clifton Gunderson Appoints Female CEO

Charges were dismissed against former Arthur Andersen partner Daniel F. Stulac in a legal battle lasting three-and-a-half years over the defunct Big Five firm's audits of Peregrine Systems.

Accounting firm Clifton Gunderson said it has acquired the Arlington, Va., federal government practice of UHY LLP, effective April 1.

CCH has arranged with BNA Tax Accounting to put the BNA Accounting Policy Practice Series on CCH's Accounting Research Manager service.

The International Accounting Standards Committee Foundation's XBRL Team has released the near-final version of the IFRS Taxonomy 2008, translating International Financial Reporting Standards into Extensible Business Reporting Language.