Regulation and compliance

Regulation

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  • Edgar Online and Microsoft announced a deal under which Edgar Online will provide financial filings from the Securities and Exchange Commission's Edgar database and other content to Microsoft's MSN Money, while Microsoft will provide advertising around Edgar Online's content.

    January 17
  • Online cash management software developer CashView has changed its name to Bill.com and introduced a new service to help small businesses manage their billings, invoices and payments online.

    January 16
  • The Securities and Exchange Commission charged two former employees of PricewaterhouseCoopers LLP with insider trading.

    January 16
  • The Supreme Court has handed down a unanimous decision in a case involving the deductibility of investment advisory fees by trusts, ruling that the expenses are deductible only to the extent that they exceed 2 percent of the adjusted gross income.

    January 16
  • The chief executives of the six largest accounting firms pushed for global convergence of accounting standards, better audit quality and principles-based accounting standards at a symposium.

    January 16
  • The Securities and Exchange Commission may be moving toward greater acceptance of the professional judgment of accountants in interpreting financial standards, and that can’t happen soon enough.

    January 16
  • Deloitte Financial Advisory Services has acquired certain assets of Barrasso Consulting, a firm that specializes in data collection and document review for litigation discovery programs.

    January 15
  • As a reporter, I come across the results of many, many surveys and I have learned over the years that no matter how interesting they are at first glance, they must be put in their proper perspective, and that requires a little analysis. Take for example the results of AICPA’s 19th Annual Top Technology Initiatives survey. The top 10 most important technology initiatives for 2008 were:

    January 15
  • A key outside advisory committee wants the Securities and Exchange Commission to be more open to accepting an accountant's judgment in interpreting standards.

    January 15
  • A new report finds the cost of compliance with Sarbanes-Oxley Section 404 internal control audit requirements for smaller public companies is actually about 14 percent lower than the Securities and Exchange Commission's original estimates.

    January 14
  • The Tax Governance Institute plans to host a video Webcast on the new tax preparer standards on Jan. 15 from 1 pm to 2:30 pm EST.

    January 14
  • The audit market for large public companies has become more concentrated among the Big Four firms, but not enough to require corrective action, according to a government report.

    January 11
  • The International Accounting Standards Board has issued a revised version of its standards for accounting for business combinations such as mergers and acquisitions, in coordination with the Financial Accounting Standards Board, in a move that will highlight the expenses of business combinations that used to be considered assets.

    January 11
  • New York University's School of Continuing and Professional Education plans to begin offering a new certificate in not-for-profit accounting and governmental reporting.

    January 10
  • The Mortgage Bankers Association has written to the Financial Accounting Standards Board asking for more flexibility in accounting for troubled mortgages to help prevent foreclosures.

    January 10
  • This free, new webinar details how practitioners are implementing the new audit standards that change how non-public company, not-for-profit and governmental audits are performed.

    January 9
  • The Internal Revenue Service has established rules for substantiating lump-sum charitable contributions made through the Combined Federal Campaign or similar programs such as a United Way campaign.

    January 9
  • Catapult Communications has decided to replace Deloitte & Touche as its outside accounting firm to reduce accounting expenses.

    January 8
  • Payroll processor Paychex has introduced a debit card that offers a way for a business client's employees to access their flexible spending account funds.

    January 8
  • This free, new webinar details how practitioners are implementing the new audit standards that change how non-public company, not-for-profit and governmental audits are performed.

    January 8