Krispy Kreme Doughnuts Inc. will delay the earnings report for its most recent fiscal quarter while continuing to evaluate its accounting practices, the company announced in a filing with the Securities and Exchange Commission.

New guidance from Securities and Exchange Commission regulators sets limits on ways to determine the cost of stock options, though the new SEC chairman said that the report was "tentative."

Although Congress has authorized tens of billions of dollars in tax breaks to help American families cope with rising college costs, millions of taxpayers are failing to cash in on this government assistance.

The Internal Revenue Service said victims of Hurricane Katrina will have until Jan. 3, 2006 to file any returns, pay any taxes, or make any deposits due -- extending an earlier announced reprieve.

A federal judge dismissed a Securities and Exchange Commission complaint accusing the former chief financial officer at Halliburton Co.

The Securities and Exchange Commission will soon give companies more guidance on how to value stock options, according to published reports.

New accounting rules from the Financial Accounting Standards Board will require companies to treat stock options and grants as expenses after Jan. 1, although some companies ending their fiscal year in June will start expensing options against income in this quarter.

The American Institute of CPAs and the Internal Revenue Service launched a partnership aimed at providing assistance to taxpayers at local disaster recovery centers established by the Federal Emergency Management Agency.

The effects of Hurricane Katrina will be considered "ordinary events" for financial-reporting purposes, according to published reports of a statement by the Financial Accounting Standards Board.

BearingPoint Inc., a spinoff from KPMG's former consulting business, said that the Securities and Exchange Commission has launched a formal investigation of the company.

The Treasury Department and the Internal Revenue Service said that they would waive the tax-credit regulations that prohibit owners of low-income housing providing housing to victims of Hurricane Katrina who don't qualify as "low income."

The Securities and Exchange Commission has joined the growing list of companies and agencies mobilizing to provide relief to the victims of Hurricane Katrina.

I read a little blurb a few weeks back about publishing house John Wiley & Sons' plans to print a "Sarbanes-Oxley for Dummies," the latest edition to its best-selling series.

The chief accountant of the Securities and Exchange Commission, Donald T. Nicolaisen, will leave the commission in October to return to the private sector.

As if investors and public companies didn't have enough to worry about, a recent "trend alert" from Glass Lewis & Co., an investment research and proxy advisory firm in San Francisco, reported that control deficiencies reported by large companies are at an all-time high, with an increase of 87 percent between 2003 and late 2004 and early 2005.

U.S. TO REISSUE 30-YEAR BOND IN Q1 2006: The Bush administration said that it would resurrect the 30-year Treasury bond, a move that it said would help to finance the national debt and, at that same time, appeal to conservative investors looking for long-term options.

When CPAs add financial services to their practices, the overwhelming method of entry is to affiliate with a broker/dealer and receive commissions. For many, there is a next stage: transitioning to a model of full financial advisory with compensation from fees based on assets under management. Careful management of the rebranding can ease clients into the new way of doing business.

D&T RESIGNS BRITESMILE: Big Four firm Deloitte & Touche has resigned as auditor for teeth-whitening products manufacturer and marketer BriteSmile Inc.

Plans by Internal Revenue Service officials and federal lawmakers to establish new national certification and testing requirements for unlicensed tax return preparers are drawing cautious support from mainstream tax professionals.

The Governmental Accounting Standards Board's new statements on "other post-employment benefits" won't go into effect until the end of the year, but the questions are already coming in. Some queries are simply asking for a definition of "benefit," while others ask, "Do we really have to do this?"