PricewaterhouseCoopers LLP (PwC), the world’s largest accounting firm, is being audited by the Internal Revenue Service (IRS), Bloomberg News reported Friday. Officials at PwC initially refused to comment on the Bloomberg report, which was based on company documents and IRS documents provided to Bloomberg.

On Monday, Intuit Inc. unveiled a newly designed QuickBooks® ProAdvisor® program featuring a new “Grow Your Practice” online resource center, more online training and two new QuickBooks certifications as part of the company’s emphasis on helping accountants grow their practices and serve their clients better.

Big Four accounting firms are no longer focusing their recruitment efforts on college business schools, now they’re targeting high schools as well.Taking a long-range view of workforce planning, firms are wooing high schoolers with internships, scholarships and college grants, according to the Wall Street Journal. The idea is to build relationships and loyalty that will sway the students to choose their firm upon college graduation.Take Geovannie Concepcion as an example.

Candidates for governor in Texas last week reacted to the Financial Accounting Standards Board’s (FASB) conclusion that the new Texas margin tax was an income tax under Financial Accounting Standards (FAS) 109 “because the tax is based on some measure of income.” FASB declined to set up a project to give advice on the matter.Kathy Walt, spokeswoman for Republican Governor Rick Perry, and former state Comptroller Democrat John Sharp, who headed the commission that recommended the tax, said that FASB was providing instructions for accounting purposes only, according to the Houston Chro

TEGRA Financial Partners, a subsidiary of Habif, Arogeti & Wynne, LLP, (HA&W) the largest independent certified public accounting and business advisory firm in Georgia, announced it has acquired Olson & Swenson, Inc., an Atlanta-based full service and pension consulting firm.

Burkett & Beattie, Inc., an accounting firm in Libertyville, Illinois, will be deciding the winner of the Goose Dropping event at the Goose is Loose Festival sponsored by the Sunrise Rotary Club at the Libertyville Sports complex on August 26th, pioneerlocal.com reports.Advertisement

Accenture has enhanced its finance and accounting business process outsourcing (BPO) capabilities by closing the previously announced acquisition of Advantium Inc., including related entity XPAN LLC, and Meridian Informed Purchasing Ltd.