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Recent hires, promotions and more from accounting firms across the country

Recent news from accounting firms across the country

The Internal Revenue Service took the wraps off its new Web site Thursday, with new navigation and language features.

The Financial Accounting Standards Board has made available its proposed 2013 U.S. GAAP Financial Reporting Taxonomy in XBRL format for public review and comment.

The American Institute of CPAs has written a letter to Internal Revenue Service Commission Doug Shulman saying that new interim about how taxpayers must apply for Individual Taxpayer Identification Numbers for 2011 returns are burdensome and may prevent some taxpayers from getting the documentation they need to qualify for an ITIN.

The Securities and Exchange Commission issued a financial literacy study Thursday confirming earlier studies that U.S. retail investors lack basic financial literacy.

Hong Kong’s Securities and Futures Commission has begun legal proceedings against Ernst & Young Hong Kong for failing to produce work papers and accounting records related to its audits of a former China-based client, Standard Water Limited.

Cindy Fornelli, executive director of the Center for Audit Quality, discusses how the inspection process at the Public Company Accounting Oversight Board works.

The experience for new employees at the Internal Revenue Service is not always positive, even though the IRS has taken steps to improve the onboarding process, according to a new report.

If Shakespeare ever had a great Twitter writing tip, it would have to be, “Brevity is the soul of wit.”

The Sports, Arts and Entertainment Group of St. Louis accounting and business consulting firm Anders Minkler & Diehl and Festus, Mo.-based Barnes Sports Group have officially merged after a year of working together as affiliated entities.

Cindy Fornelli of the Center for Audit Quality talks about the framework that auditors should be using to combat fraud.

The IRS has completed its six-city swing through America, with forums staged in Orlando, Atlanta, San Diego, Las Vegas, Chicago and New York.

Global CEOs and U.S. small business owners would like political leaders and candidates for office to focus more on tax reform, regulation, the size of government and entitlements, and the national debt in order to stimulate economic growth and job creation, according to a new report.

The owner of a Long Island tax preparation service was sentenced to serve one year and one day of imprisonment for preparing false federal tax returns for her clients.

The American Institute of CPAs has written to Internal Revenue Service Commissioner Doug Shulman outlining its concerns with what it sees as a “widespread problem affecting numerous taxpayers”: erroneous letters from the IRS to taxpayers filing foreign trust forms.

The firm of the future needs to be ready to adapt to constant change, according to Teresa Mackintosh, executive vice president and general manager of tax at CCH, in her keynote, “The Future-Ready Firm,” at the Midwest Accounting & Finance Showcase.

Connecticut accounting firm Guilmartin, DiPiro & Sokolowski has merged in the practice of Rick Morin & Associates, adding a new partner and expanding the firm’s tax capabilities in the Middletown, Conn., market.

Accounting & Consulting Group has acquired the Roswell, N.M.-based accounting firm Andrews Smith Lowery & Co. for an undisclosed sum, expanding its agricultural client base.