International

Grant Thornton has been a staunch supporter of the ongoing movement toward one set of high-quality, globally accepted accounting standards. At present, that language of financial reporting features several different dialects, depending on where a company operates.

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A Texas accounting firm and its clients are discovering that a wall calendar with beautiful photographs, designed to market the firm's name and promote client loyalty, can change the lives of earthquake victims in Haiti.

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Less than 24 hours after an earthquake devastated Haiti, scammers were trying to profit from the tragedy with everything from emails and web sites asking for donations to phone call solicitations.

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The Swiss government announced this week that it will respect a Swiss court decision last week that declared parts of a deal reached in August with the United States illegal under Swiss law and would reopen talks with the United States.

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The IRS is proudly announcing that it was able to gather up 7,500 volunteers in its international tax evasion net.

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CPAs can take a leading role in developing the tools and information necessary for companies to embed sustainability issues effectively in their operations.

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"We believe it is imperative the foundation find a permanent funding solution for the International Accounting Standard Board's activities," said AICPA President Barry Melancon.

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The IRS has announced a one-time extension of the deadline for special voluntary disclosures by taxpayers with unreported income from hidden offshore accounts.

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There is still time for taxpayers who have failed over the years to report income in foreign bank accounts to participate in the IRS Voluntary Disclosure program.

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The U.S. Department of the Treasury has announced that the United States and Monaco have signed an agreement to allow for the exchange of information on tax matters between the two countries.

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