Audit & Accounting

The Securities and Exchange Commission has charged Joseph P. Collins, a partner with the law firm Mayer Brown, with aiding and abetting fraud at his client Refco. He is the fourth person accused in the case.

Eighty-seven percent of multinational enterprises believe that transfer pricing is a risk when they manage their financial statements because of higher compliance requirements, according to a newly released survey.

Accounting Today is in the midst of compiling its annual list of the Top 100 Firms.

A majority of companies do not have a formal, documented tax risk management strategy in place, according to a newly released survey.

The Financial Accounting Standards Board has proposed an overhaul of the board's structure that would cut the number of members of the board from seven to five and allow the chairman to put items on the agenda.

'Tis the season for holiday cheer and especially gifts, so herewith are some presents that accountants might like to find coming down the chimney this year in the company of a chubby bearded man.

Serious material weaknesses continue to plague the U.S. government's financial systems, recordkeeping and reporting, according to a newly released report.

The Public Company Accounting Oversight Board has disciplined two former auditors at BDO Seidman for failing to review the audit work of a junior member of the firm and then trying to cover up by backdating documents.

IRS is driven in its desire to close the tax gap and views tax practitioners as being an obstacle in the middle, according to Charles Rettig with the law firm of Hochman, Salkin, Toscher & Perez, P.C.,in Beverly Hills, Calif.

GRANT THORNTON DISMISSED AS MANNATECH AUDITORDietary supplement developer Mannatech has fired Grant Thornton as its auditor and appointed BDO Seidman in its place after a dispute over the company's chairman.