Regulation and compliance

Regulation

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  • Intuit recently announced that more than 6,000 small businesses and midsized companies have switched to its QuickBooks Enterprise Solutions from more complex solutions.These customers are part of the 38,000 who have already selected the software to help run their businesses.

    March 8
  • Microsoft subsidiary FRx Software Corp. has unveiled its latest version of the company’s budgeting and planning software.

    March 7
  • The Private Company Financial Reporting Committee announced its inaugural members on Tuesday.

    March 7
  • The heads of the major accounting regulators in the United States and the European Union agree that they are on the same page in heading towards convergence of standards.

    March 7
  • Independently-owned Los Angeles firm RBZ LLP has named three partners to share the firm’s managing partner position.

    March 6
  • In a new report, proxy researcher Glass Lewis & Co. said that U.S.-listed companies filed 1,538 financial restatements in 2006, up 13 percent from what had been a record number in 2005.

    March 6
  • I believe there are two keys to success, whether a sole practitioner or a regional firm. They are simple when you say them, but that simplicity can be deceiving. The two are providing quality service, and establishing a reputation for doing so and continuing to do so.

    March 6
  • A $170-million malpractice suit against BDO Seidman has been sent back to square one, after a Miami judge declared a mistrial.

    March 6
  • The Internal Revenue Service completed a round of staff cuts in recent weeks, letting go nearly 100 employees from the division that oversees gift- and estate-tax returns, according to published reports.

    March 5
  • Several years ago, my once-reliable station car suddenly became harder to start than a fire with damp kindling.

    March 5
  • For the past year, the Securities and Exchange Commission has been investigating how Google accounted for its income taxes, according to the online search giant’s 2006 annual report.

    March 5
  • A board within the International Federation of Accountants is seeking comment on its exposure draft that addresses what auditors should consider when dealing with related parties and related-party transactions.

    March 5
  • You hear over and over again that your money has to outlive you, even for an hour. When I talk to friends and family about various financial planning aspects, the most feared one is exactly that...outliving money.There is this woman, age 91, that I know. She is a widow, in relatively good health, has a house that is fully paid (no mortgage), has a Social Security check that comes in each month for some $1,800 and a small pension amount from a prior job of about $110 a month. She buys very little food because she goes to a senior center almost every day and they load her up on free food.

    March 2
  • The Deloitte Touche Tohmatsu Board has approved the nomination of James H. Quigley -- currently the head of Deloitte’s U.S. arm -- as the next global chief executive officer of the Big Four firm, though worldwide member firm partners must still vote on the appointment.Quigley, who has served as Deloitte's U.S. chief for the past four years, will succeed William G. Parrett, another former U.S. chief whose eight-year term ends on May 31.

    March 2
  • Sage Software has unveiled the latest version of Sage Fundraising 100, its donor relationship management system for midsized and large nonprofit organizations.

    March 2
  • Responding to extension requests, restaurants and bars will have a few extra months -- until June 30 for this year only -- to elect to participate in the Internal Revenue Service’s Attributed Tip Income Program.

    March 1
  • The Government Accountability Office recently released a report on detailing some of the conclusions gleaned from a recent forum on engaging and retaining older workers.

    March 1
  • Every so often, the death of the small software reseller is predicted.

    March 1
  • In a return to the office’s roots, the Securities and Exchange Commission has named a director for its Office of Legislative and Intergovernmental Affairs. Meanwhile, the Internal Revenue Service has appointed a new head of its Office of Professional Responsibility, which was created in the wake of the Enron implosion.

    March 1
  • In a unanimous vote, 412-0, the House said that it will require a trio of accounting regulators to provide regular updates on the work being done to reduce the complexity of financial reporting and develop principles-based accounting standards.Through 2012, either the chairmen or other designees from the Securities and Exchange Commission, the Public Company Accounting Oversight Board and the Financial Accounting Standards Board will now provide annual testimony to the House Financial Services Committee.

    March 1