Audit & Accounting

The Governmental Accounting Standards Board has issued a statement that requires government endowments to report their land and other real estate investments at fair value.

The Internal Revenue Service has issued a sample notice that 401(k) and 414(w) plan sponsors can use to tell plan participants about their rights and obligations under the Pension Protection Act’s eligible automatic contribution arrangements and qualified automatic contribution arrangements.

The Public Company Accounting Oversight Board has approved a budget for calendar year 2008 that predicts the board will outlay approximately $144.6 million, compared to $136.4 million in 2007.

The Securities and Exchange Commission has appointed two executives to prominent positions in its Division of Corporate Finance.

The Securities and Exchange Commission has weaknesses in its internal controls, according to a report by the Government Accountability Office.

The difference between a rhetorical question and a survey question is someone answers. Before we find out what type of question my title is, here’s why I posed it. Firms find about how other firms operate in a number of ways. It might be from contact with partners in other firms; via membership in groups, organizations, or societies; by hiring consultants; or possibly by reading about other firms in professional publications.

David Greenberg, a former tax partner with KPMG, faced a superseding indictment that added six more charges of tax evasion to the charges he was already facing as part of the government's case against KPMG's marketing of questionable tax shelters for clients.

The International Accounting Standards Board has decided to postpone the effective date of its new accounting standard for business combinations until July 1, 2009.

WebCPA presents a free online session discussing various facets of philanthropy and its potential benefits for accountants.

Wolters Kluwer Tax and Accounting announced that it has closed its acquisition of the TeamMate software business from PricewaterhouseCoopers.