Audit & Accounting

China's government has told its auditors to maintain a clean image after one of their colleagues reportedly died of alcohol poisoning while on an auditing assignment.

After nine years, a federal report says that college tuition tax credits aren't necessarily providing the boon originally intended for poorer families.

Edward W. Trott, a member of the Financial Accounting Standards Board since 1999, will step down from his position in June 2007.

The New York State Society of Public Accountants, the oldest state accounting association, representing approximately 30,000 CPAs, has offered certain suggestions regarding pending legislation in Congress affecting estate planning-- specifically emphasizing the pressing need for certainty and ease of administration with respect to the transfer tax.

Home mortgage giant Fannie Mae said that it won't face criminal charges over the company's massive accounting irregularities.

The widening options-timing scandal contributed mightily to a record-setting number of large U.S. corporations filing late financial reports for the second quarter, according to a study from market research firm Glass Lewis & Co.

A trio of state accounting boards have objected to the 'jointness' of a joint project from the Financial Accounting Standards Board and the American Institute of CPAs to form a committee to look at the financial accounting and reporting standard-setting process for private companies.

The executive vice chair of operations for KPMG LLP will take on the additional position of regional chief operating officer for the Americas region of KPMG International.

The Public Company Accounting Oversight Board will host a Boston forum on auditing in the small business environment.

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