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.

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.

Accounting firm Mayer Hoffman McCann has agreed to pay a $300,000 penalty to the California Board of Accountancy, plus investigation costs of up to $50,000, and be subject to two years’ probation, for its audits of the California city of Bell, where a number of officials have been accused of fraud and public corruption.

International Accounting Standards Board chairman Hans Hoogervorst said the IASB and the U.S. Financial Accounting Standards Board are making progress on an expected loss model for banking assets that will provide a more forward-looking model than the incurred loss model.

Deloitte has begun adjusting salaries to offset the income taxes paid by Deloitte professionals who provide coverage to their domestic partners—both same sex and opposite sex—on their medical or dental plans, effective June 3.

Final statements and certain other pronouncements issued by the Governmental Accounting Standards Board will now be available for downloading at no cost on the GASB Web site.

A House subcommittee held a hearing to consider what impact the return of a higher estate tax rate in 2013 would have on small businesses.

The Financial Accounting Foundation has issued a request for nominations for candidates to serve on its newly created Private Company Council.

Check out the digital edition of the June 2012 issue of Accounting Today.

Do you have the right players? Are they willing to play as a team? These are questions that successful coaches must answer.

The accounting profession has a long way to go in attracting, retaining and including both minorities and women.

Kenneth Leventhal, CPA, founder of what was once one of the largest CPA firms in the country and a noted philanthropist, died on May 8 at the age of 91.

Highlights of recent accounting firm mergers and acquisitions.

Are your firm's partners building a bridge, or just welding girders together?

A roundup of the most important news in accounting in the previous month

The latest developments in accounting and auditing

Our exclusive interview with the newest member of the Public Company Accounting Oversight Board, Jeanette Franzel.

Grant Thornton CEO Stephen Chipman speaks out on regulation, accounting standards and China

It's time for new thinking on accounting for pensions and OPEBs