Nevada news

Tax

Joe Francis free: Was he a victim of accountants gone wild?

In spite of a future that looked pretty dismal, “Girls Gone Wild” producer Joe Francis will not serve another day of jail time for tax evasion.
Education & Careers

IMA will hold 10th annual Student Leadership Conference

The Institute of Management Accountants 10th Annual Student Leadership Conference. will take place in at the St. Louis Union Station Marriott from November 5-7.
Tax

Boxer Mayweather and the IRS are even-steven

Just days ago, boxer Floyd Mayweather earned $10 million, plus pay-per-view percentages, when he fought Juan Manuel Marquez. But most of that giant purse will go to fulfill his back tax obligations.
Tax

Girls Gone Wild producer Francis gets lighter sentence in tax evasion case

After years of fighting the charges, Joe Francis appeared in a Los Angeles court this week and pleaded guilty to two misdemeanors. 
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.

Under new management: Freddie Mac and Fannie Mae

A lot of people saw it coming... and wondered why the powers that be at Freddie Mac and Fannie Mae didn't. Between the two finance companies, they hold or guarantee about 50 percent of mortgage debt in the United States, worth around $5 trillion. On Sunday, September 7th, the government seized control of both companies in an effort to stabilize them, and more importantly, to protect homeowners whose mortgages are owned by them.

Court rejects challenge to constitutionality of PCAOB

On Friday, the U.S. Appeals Court for the District of Columbia Circuit in a vote of 2-1 upheld the constitutionality of the Public Company Accounting Oversight Board (PCAOB). The Board was created five years ago by the Securities and Exchange Commission (SEC), responding to a mandate in the Sarbanes-Oxley Act of 2002. The Court rejected the claim by Beckstead & Watts LLP, a Nevada accounting firm, and the Free Enterprise Fund in Free Enterprise Fund v. Public Company Accounting Oversight Board that the Board violates the separation of powers clause of the U.S. Constitution.

News Wrap-Up - Issue 238

This News Wrap-Up Brought To You By:First Research Industry Profiles PolicySoft Accounting Department Templates THIS WEEK'S NEWSLea Fastow’s Plea Deal Rejected by JudgeIBM Plans to Buy Call Center Firm in IndiaKPMG, BearingPoint Pay $34 Million to Settle Travel SuitMerger Brings Enormous Headaches for SidleyIRS Warns Businesses, Individuals on Employment Tax PracticesSe

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