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A recent survey conducted by Columbia Business School professors found, among other things, that in order to move the adoption of XBRL forward, development should be overseen by technologists and not accountants and regulators.

Senate Finance Committee chairman Max Baucus, D-Mont., and Sen. Jon Tester, D-Mont., have introduced legislation that would expand an existing tax credit for hiring veterans to encourage further hiring while making it easier for business claim.

Financial close software maker Blackline Systems has formed a strategic alliance with professional services firm The Goetzman Group to bring software and financial and accounting services to large organizations – particularly in the Southern California region.

QuickBooks-integrated inventory controls provider Fishbowl has released its Fishbowl Inventory 2013 with integrated UPS shipping, providing customers with the ability to process and ship orders from within Fishbowl Inventory.

How many times has your CPA firm implemented a process or technology change only to find out later that just a fraction of the firm is following the new process or leveraging all the features of the technology solution? If you answered something along the lines of “all the time,” don’t worry. You are not alone.

Four accounting, auditing and financial organizations have teamed up to launch a new anti-fraud Web site with tools to help deter and detect financial reporting fraud.

Tax preparers charge an average of $246 to prepare an itemized Form 1040 with a Schedule A and a state tax return, according to a survey by the National Society of Accountants.

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The Republican chairman of the tax-writing House Ways and Means Committee, Dave Camp, R-Mich., released a draft document Thursday proposing a series of tax reforms for various types of financial derivatives and other financial products, building on work done by his committee over the past two years.

President Obama nominated former prosecutor Mary Jo White as the next chair of the Securities and Exchange Commission.

The Internal Revenue Service is offering guidance on mortgage principal reductions in the federal government’s program for mortgage modifications for borrowers who have fallen behind on their payments.

Sage North America and NetSuite partner SWK Technologies has acquired the Sage business partner accounts of Dallas-based Point Solutions, retaining several personnel and approximately 20 accounts.

The Internal Revenue Service said it will appeal a court’s ruling that it lacks the power to license tax preparers, a decision that might affect as many as 700,000 people who work on clients’ returns.

Four states have signed up for a new system aimed at combating the growing problem of identity theft-related tax fraud.

Mergers and acquisitions are expected to increase in 2013, according to a new survey, with 76 percent of the more than 300 M&A professionals in the U.S. who were polled anticipating that their company will make at least one acquisition in 2013.

The majority of small businesses want a long-term solution to the debt ceiling so the U.S. can pay its bills and the issue does not repeatedly come up for votes in Congress, according to a new survey.

The Internal Revenue Service is asking for input on the acceptable standards it should put in place for electronic signatures.

Trends, transactions and talk of the future of accounting and consulting are what's news this week. Here's my recap of it all and of course my two cents.

The International Auditing and Assurance Standards Board has released for public comment a new consultation paper aimed at improving the quality of audits.