Audit & Accounting

A coalition of analysts at 17 socially responsible investment firms representing over $147 billion in assets has banded together to call on publicly traded companies worldwide to start reporting annually on their key social and environmental policies, practices and performance.

As part of efforts to ensure the accuracy of Social Security numbers on wage statements, the Internal Revenue Service should consider revising its rules for waiving the penalties associated with filing statements with inaccurate numbers, the Government Accountability Office said this week.

In an effort to strengthen its wealth management practice, Wachovia Corp., the nation's fifth-largest bank, agreed to acquire wealth advisory firm Tanager Financial Services Inc.

While half of them will need it at some point in their lifetime, when it comes to long-term care, most Americans get a failing grade, according to a survey conducted by MetLife.

The Securities and Exchange Commission warned American International Group Inc. that it is mulling a civil action against the insurance company for possible securities laws violations related to three press releases that the commission says are misleading.

South Carolina regulators are reportedly mulling disciplinary action against KPMG LLP over the firm's past sales of allegedly abusive tax shelters.

An astounding 93 percent of chief information officers and other senior information technology executives are unaware of their IT control assessment responsibilities under Sarbanes-Oxley Section 404, according to Obian Inc.

After three years in development, the Committee of Sponsoring Organizations of the Treadway Commission has released its finalized Enterprise Risk Management - Integrated Framework.

Former Securities and Exchange Commission Chairman Arthur Levitt Jr. and former CNN chair Walter Isaacson have been named to the board of the Global Center for Leadership & Business Ethics, an independent entity established to recognize individuals and organizations with extraordinary business ethics and leadership qualities.

The Justice Department has added perjury and obstruction of justice charges to the criminal case against Richard M. Scrushy, the former chief executive and chairman of scandal-plagued HealthSouth Corp.