Sarbanes-Oxley was the U.S. government’s response to a decade of financial statement frauds that shook the financial community.

A House subcommittee heard from a panel of small business owners concerned about the disappearance of popular tax deductions at a hearing in Tulsa, Okla., during the congressional recess.

The International Accounting Standards Board has published a set of proposed amendments to 11 International Financial Reporting Standards as part of its annual improvements project.

The extension of Ben Bernanke’s term as Federal Reserve chairman shouldn’t have come as much of a surprise, except to those who were hoping for better management of the economy.

The Securities and Exchange Commission has appointed James L. Kroeker as chief accountant.

The "Five Stages of Grief" are the steps of the psychologicalprocess by which people deal with unfortunate circumstances. Andnowadays we have seen this process, and the psychological character ofour clients, reflected during our valuation engagements.

The economy has left many people, and the nonprofit organizations they rely on, in crisis. As a result, community service is more critical than ever.

IMGCAP(1)]Richard Chambers has been reorganizing and consolidating the Institute of Internal Auditors ever since he returned in January after a five-year stint at PricewaterhouseCoopers.

In response to the global financial crisis, the International Accounting Standards Board has published a set of proposals to amend the discount rate for measuring employee benefits.

The Financial Accounting Standards Board took up the controversial question of disclosure requirements for loss contingencies at its latest meeting and decided that companies need to make more disclosures.

The IRS said that time is running out for many small businesses that wish to take advantage of the tax breaks in the stimulus bill.

The Small Business Administration and the Commerce Department plan to offer more federal contracts to small businesses, but a small business advocacy group is skeptical.

CFOs and senior-level accountants anticipate spending more of their time five years from now on non-accounting functions, according to a new survey.

IMGCAP(1)] I recently read an article challenging the reader to sum up one’s leadership in six words. I decided to apply this same challenge in describing my experience at the AICPA Leadership Academy. My six words: Amazing professionals. Thought provoking. Life changing.

The SEC has approved rules requiring public accounting firms registered with the Public Company Accounting Oversight Board to report events such as legal proceedings and changes in a firm’s contact information within 30 days to the PCAOB, as well as file annual reports on disciplinary matters and other issues.

The Government Accounting Standards Board has drafted proposed standards for local government bankruptcies, and is giving interested parties until August 28 to comment.

The Financial Accounting Standards Board may expand the use of mark-to-market accounting to the loans held by banks.

The American Bankers Association has released a letter and white paper raising concerns over the process taken by the Financial Accounting Standards Board and the International Accounting Standards Board in their financial instruments projects.

IMGCAP(1)]The Financial Accounting Standards Board took plenty of heat in April for loosening mark-to-market guidelines, a move that critics assailed as a gift to the financial industry and a nod to political pressures.

The Financial Accounting Standards Board plans to draft proposed updates to fair value accounting standards with new disclosure requirements.