The Securities and Exchange Commission has filed securities fraud charges against five former San Diego officials who failed to adequately disclose problems with the city's municipal bonds in 2002 and 2003.

Many clients of CPA firms are Boomers who will be retiring in increasing numbers over the next decade. What does that mean? Obviously that means firms will be looking to continue to retain many of those retirees as clients,and it will also mean there will be a need to find a steady supply of new clients.

Cain to Chair Leading Edge Alliance

Financial Web site myStockOptions.com has opened an online Tax Center that explains issues related to equity compensation for tax year 2007.

The first waves of Baby Boomers have turned 62 this year and started claiming Social Security benefits. But, according to the National Association of Insurance Commissioners (NAIC), many are confused about their post-retirement health insurance options. As a result, the association has offered 10 tips that planners should consider with their clients:

The Senate Finance Committee heard testimony from Roby B. Sawyers, a professor in the College of Management at North Carolina State University and a member of the American Institute of CPAs' Tax Executive Committee, about the institute's recommendations for estate tax reform.

A shortage of skilled labor is constraining the growth of private business, according to a report released by Grant Thornton.

Small businesses are poised to weather the economic downturn, according to a survey conducted for Intuit’s Small Business Division.

The U.S. added 8,000 jobs in the private sector in March, according to a report by payroll giant ADP.

Charges were dismissed against former Arthur Andersen partner Daniel F. Stulac in a legal battle lasting three-and-a-half years over the defunct Big Five firm's audits of Peregrine Systems.

CCH has arranged with BNA Tax Accounting to put the BNA Accounting Policy Practice Series on CCH's Accounting Research Manager service.

The International Accounting Standards Committee Foundation's XBRL Team has released the near-final version of the IFRS Taxonomy 2008, translating International Financial Reporting Standards into Extensible Business Reporting Language.

It didn't take long for critics to start throwing eggs at Treasury Secretary Henry Paulson's plan for overhauling the structure of the government's financial regulatory agencies.

Small business owners are more likely than consumers to use a tax professional, according to a new survey, with 74 percent of small business owners planning to get help, while only 58 percent of consumers said they would.

Accounting firm Clifton Gunderson said it has achieved the highest marks possible in its first inspection by the Public Company Accounting Oversight Board.

BDO Consulting said it is forming a corporate advisory practice to provide strategic and financial consulting services to companies in distress.

CCH has introduced an online resource, FAS 157 Manager, designed to help accountants deal with the complexities of Financial Accounting Standard Statement No. 157 on fair value measurements.

Tax Partner Named Woman of the Year

On January 24, 2002, I gave a presentation, at the Large- and Medium-Sized Firms Practice Management Committee of the New York State Society of CPAs, entitled "Like the Energizer Bunny, the Enron Mess Keeps Going and Going." It seems I was right as Citigroup just settled a lawsuit in which it agreed to pay $1.66 billion to the Enron Bankruptcy Estate, which had filed bankruptcy and fraud claims against Citigroup in the United States Bankruptcy Court in New York.

Baruch College's Zicklin School of Business plans to introduce an executive master's degree program with a specialization in financial statement analysis and securities assessment, aimed at working professionals.