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A pair of Republican senators have introduced a bill aimed at providing a long-term fix for the expected hike in student loan interest rates.

Rep. Sander Levin, D-Mich., said Wednesday that he plans to introduce a bill to provide tax breaks for small businesses that hire new employees or increase wages as a substitute for a bill being pushed by House Republicans to repeal the medical device tax in the health care law.

SurePayroll found that both hiring and paycheck size declined slightly in May by 0.1 percent.

Kimpa A. Moss, CPA, has joined Lurie Besikof Lapidus & Company, LLP, a Twin Cities-based accounting, tax and consulting firm, as partner, effective June 1.

While the average reported salary of management accountants declined slightly last year, their average total compensation with bonuses increased, according to a new salary survey from the Institute of Management Accountants.

A new analysis of inspection findings from the Public Company Accounting Oversight Board indicates that the percentage of audits with deficiencies has more than doubled since 2009, largely due to problems with fair value measurement and asset impairment.

The International Auditing and Assurance Standards Board has released its strategy through 2014, with the main goal of enhancing auditor reporting standards.

Intuit has integrated its mobile payment processing application GoPayment with the latest version of QuickBooks Point of Sale, designed for small retailers.

A new program is offering guidance to company employees who are coping with how to repay high levels of student loan debt.

With the expiration of the current tax rates approaching at the end of the year, and a deep round of spending cuts looming, a new report sheds light on what effect that would have on the economy and the nation’s debt levels.

The Financial Accounting Standards Board intends to issue a discussion paper in the next few weeks to solicit feedback on the disclosure framework it has been preparing, followed by roundtable meetings and workshops later this year to talk with financial statement preparers and users.

A decade since the enactment of the Sarbanes-Oxley Act of 2002, the majority of executives and other professionals agree in a new survey that internal control over financial reporting structure in their organizations has significantly or moderately improved since compliance with the legislation became a requirement.

The Securities and Exchange Commission plans to remove the 2009 U.S. GAAP Taxonomy in July when it upgrades to the latest version of its EDGAR online system of financial filings.

The Internal Revenue Service is encouraging tax preparers to take a new competency exam as soon as possible.

Electronic document and workflow management software provider Cabinet NG has added CNG-SHARE, a cloud-based file sharing and workflow component to the company’s latest version of its flagship document management software CNG-SAFE.

A judge has thrown out the convictions of former BDO Seidman chairman and CEO Denis Field and two attorneys who were convicted last year of tax fraud, calling one of the jurors a pathological liar who had falsified her background and tainted the trial.

The pressing question seems to be not “if” a company will transition to International Financial Reporting Standards, but rather “when.”

Governance, risk and compliance software developer MEGA has combined the internal audit management functions of its MEGA Suite with industry best practices in a pre-packaged offering.

The New York State Society of CPAs’ Foundation for Accounting Education has selected a new president and three trustees for its board.

Public Company Accounting Oversight Board chairman James Doty said Monday the board plans to issue a proposed standard on changes in the auditor’s reporting model in the third quarter, with other standards making progress this year as well.