Audit & Accounting

In a new report, proxy researcher Glass Lewis & Co. said that U.S.-listed companies filed 1,538 financial restatements in 2006, up 13 percent from what had been a record number in 2005.

I believe there are two keys to success, whether a sole practitioner or a regional firm. They are simple when you say them, but that simplicity can be deceiving. The two are providing quality service, and establishing a reputation for doing so and continuing to do so.

A $170-million malpractice suit against BDO Seidman has been sent back to square one, after a Miami judge declared a mistrial.

The Internal Revenue Service completed a round of staff cuts in recent weeks, letting go nearly 100 employees from the division that oversees gift- and estate-tax returns, according to published reports.

Grant Thornton LLP, the U.S. member firm of Grant Thornton International, reported that its revenues for the 2006 calendar year were up 18.2, to $940 million.

Several years ago, my once-reliable station car suddenly became harder to start than a fire with damp kindling.

For the past year, the Securities and Exchange Commission has been investigating how Google accounted for its income taxes, according to the online search giant’s 2006 annual report.

A board within the International Federation of Accountants is seeking comment on its exposure draft that addresses what auditors should consider when dealing with related parties and related-party transactions.

You hear over and over again that your money has to outlive you, even for an hour. When I talk to friends and family about various financial planning aspects, the most feared one is exactly that...outliving money.There is this woman, age 91, that I know. She is a widow, in relatively good health, has a house that is fully paid (no mortgage), has a Social Security check that comes in each month for some $1,800 and a small pension amount from a prior job of about $110 a month. She buys very little food because she goes to a senior center almost every day and they load her up on free food.

The Deloitte Touche Tohmatsu Board has approved the nomination of James H. Quigley -- currently the head of Deloitte’s U.S. arm -- as the next global chief executive officer of the Big Four firm, though worldwide member firm partners must still vote on the appointment.Quigley, who has served as Deloitte's U.S. chief for the past four years, will succeed William G. Parrett, another former U.S. chief whose eight-year term ends on May 31.