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The Financial Crimes Enforcement Network, one of the Treasury Department’s lead agencies in the battle against money laundering and other crimes, has issued an advisory to financial institutions warning them to beware of tax refund fraud and identity theft, and to report such activity by filing Suspicious Activity Reports.

Deep flaws in month-end reconciliation processes create distrust in finance departments in the U.S. and Europe, leaving only 28 percent of respondents willing to trust the reported numbers, according to a new survey of financial professionals.

Private equity fund managers are beginning to be concerned that they may lose their tax break on carried interest as lawmakers in Washington again debate tax reform.

Executive appointments, new arrivals and one unannounced departure from a major tax and accounting vendor were on tap this past week, plus we're getting ready for conference season; where will you be going and why?

Avid Technology, a developer of digital audio and video editing software and equipment whose products were widely used in a number of Oscar-nominated movies, has delayed its fourth-quarter earnings due to accounting problems.

Rob Ganjon, the new CEO at iLumen, explains how business intelligence is the next natural step in accountants' evolution.

Deltek Inc. has appointed Michael Krone as its new treasurer and chief financial officer, filling a vacant position once held by newly appointed chief executive Mike Corkery.

Free online bookkeeping and tax software maker Outwright.com is offering a new version of its mobile iPhone app with automated gas mileage tracking and receipt picture saving and storing capabilities.

Increased demand for its managed services business has caused Skoda Minotti Technology Partners to hire three seasoned technology professionals for the practice.

The London School of Business & Finance partnered with e-learning provider InterActive on the launch of InterActive TV, or IATV, an online channel that will broadcast accounting-related content for free 24 hours a day.

Less than two months ago Washington escaped from the doomsday scenario of the looming “fiscal cliff.” Now it faces the threat of the less colorfully named “sequester” or “sequestration,” depending on who’s talking about it, but somehow the dire warnings of impending disaster are beginning to sound unconvincing.

The Internal Revenue Service has filed notices with a federal district court and appeals court of its intention to appeal a judge’s ruling that struck down the mandatory testing and continuing education requirements of its Registered Tax Return Preparer regime and asked the court to suspend the January ruling that invalidated the RTRP regime.

The Financial Accounting Standards Board and the Governmental Accounting Standards Board will begin using a majority vote, instead of relying on the board chairman’s decision alone, to establish project plans and agendas, and decide on the priority of projects.

The Internal Revenue Service has released a favorable private letter ruling allowing WTP Exchange, an affiliate of WTP Advisors, to provide both like-kind exchange software and qualified intermediary services.

The Tax & Accounting business of Thomson Reuters has introduced a cloud-based version of its software for managing sales and use taxes and value-added taxes.

Office technology consultant and supplier Aztec Equipment is now an authorized platinum reseller partner for enterprise document management systems maker MaxxVault.

Julianne Inozemcev has returned to PwC and signed on as partner in the firm’s risk assurance services practice.

It doesn’t matter if you are an accountant, attorney, banker, entrepreneur or in which business, company, industry or profession you toil.

IRS e-file provider Aplos Software will begin offering its Aplos e-File online tax preparation and e-filing product for IRS Form 990-EZ in March of 2013.

The IRS announced that it would no longer hold tax returns that both claimed the Earned Income Tax Credit and had incomplete or appropriate Forms 8867 attached.