Audit & Accounting

Treasury Secretary Henry Paulson is set to act more formally on efforts to make the United States an easier place to do business, according to published reports.

The Securities and Exchange Commission's Office of the Chief Accountant announced the selection of three academic accounting fellows, who will serve one-year terms beginning this summer.

Prabhat Goyal, the former chief financial officer of software manufacturer McAfee Inc., was convicted on 15 counts of securities fraud last week.

Crowe Chizek and Co. LLC announced that it intends to combine practices with New Jersey-based Enterprise Financial Consulting Group LLC.

Just saw a demo of a rather interesting idea. Of course, it is not unique, but the demo is rather good. Now what is this all about?

Four new members have been appointed to the International Financial Reporting Interpretations Committee.The trustees of the International Accounting Standards Committee Foundation, part of the Interational Accouting Standards Board, made the three-year appointments, which will be up in June 2010.

J.H. Cohn LLP has acquired the practice of Berenson LLP, a New York accounting firm specializing in solid apparel and import specialization practices.

The Securities and Exchange Commission plans to issue a proposal to have new rules in place for corporate annual meetings in 2008, according to published reports.

The Treasury Department issued rules last week aimed at dismissing some of the uncertainties around Roth 401(k) plans.

A beef over legal fees could mean that the fate of a $10 million verdict won by a pair of Atlanta millionaires against PricewaterhouseCoopers is in greater limbo than previously thought.