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The role of the CFO will evolve in the future to encompass new challenges such as global economic uncertainty and volatility, fluctuating energy prices, and turbulent currency markets, along with a shift in economic power, according to a new report.

President Obama urged Congress to agree to a deal to extend the Bush-era tax rates for the middle class on Wednesday, while agreeing to consider other tax reform measures for wealthier Americans.

A female presence on a company board reduces the chance of financial restatements by close to 40 percent, according to a new study.

Nearly eight in 10 small business owners are aware of the so-called “fiscal cliff,” according to a new poll that also found they are concerned about the impact of the combination of tax increases and automatic spending cuts that are set to take effect on Jan. 1 if Congress and the President can’t agree on a plan to reduce the deficit by year’s end.

Sage North America and NetSuite partner SWK Technologies has joined the national reseller marketing network ERPVAR.com, with the goal of helping promote all of its products and services.

The American Institute of CPAs’ Accounting and Review Services Committee has issued exposure drafts of its proposed Statements on Standards for Accounting and Review Services as part of its Clarity Project and is asking for public comment on them.

The Securities and Exchange Commission issued an order Wednesday providing regulatory relief to accountants, publicly traded companies, investment companies, transfer agents, and others affected by Hurricane Sandy.

Lowering the corporate tax rate on retailers could create more than 327,000 jobs in the first year, save consumers $10.2 billion, and increase salaries and wages by more than $10 billion, according to a new study by PricewaterhouseCoopers, commissioned by a retail trade group.

The Internal Revenue Service has made progress in deploying its Modernized e-File system, according to a pair of new government reports, but unresolved performance issues are hampering the retirement of its older legacy systems for processing tax returns.

Blain Heckaman is the new managing principal at Kaufman, Rossin & Co.

With tax cuts galore expiring at the end of the year, and steep cuts in both defense spending and discretionary spending on the horizon, Democrats and Republicans in Washington are doing a complicated dance at the edge of the so-called fiscal cliff.

The head of the Internal Revenue Service told lawmakers that if Congress fails to extend the traditional patch for the Alternative Minimum Tax, approximately 60 million Americans could be affected and about 33 million taxpayers could pay the AMT for tax year 2012.

Officials with the Securities and Exchange Commission are taking a wait-and-see attitude toward incorporating International Financial Reporting Standards into the U.S. financial system, even as an increasing number of foreign companies file their financial reports with the SEC using IFRS.

Business intelligence service provider iLumen has hired former American Express vice president of digital partnerships Rob Ganjon to be its new chief executive officer.

Employers are picking up the pace on implementing the provisions of the Patient Protection and Affordable Care Act after a long delay, according to a new survey by accounting and consulting firm CliftonLarsonAllen.

The Institute of Management Accountants and John Wiley & Sons have released the 2013 Wiley CMA Learning System (CMA LS) and Online Intensive Review product suite.

Payroll and 1099 tax software product maker PayrollMate.com has released a vendor and 1099 management module for Payroll Mate, its flagship payroll processing product.

White House officials have quietly lobbied Wall Street and the business community over the last several months to support President Barack Obama’s plan to impose higher taxes on the wealthy to cut the deficit and avert going over the fiscal cliff.

Jennifer Jarvis Hamberger has joined Freed Maxick CPAs as chief marketing officer.

The Public Company Accounting Oversight Board has released a new inspection report of PricewaterhouseCoopers LLP from last year in which it identified deficiencies, including three instances of what it terms “audit failures.”