The Securities and Exchange Commission has announced that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers.
On Monday, April 18, at 11:50 pm EDT, the U.S. tax filing deadline passed and estimates show that over 16 percent of Americans will have failed to file their 2010 federal tax returns, report their full income, or pay their full 2010 tax liability.
Internal Revenue Service Commissioner Douglas Shulman says "looking back" has been the business model of the IRS since its inception in 1862, but dealing with taxpayer issues up-front is where the tax agency should be headed.
Students with a passion for community service, who really want to give back, will experience a different kind of spring break when they join Deloitte professionals as volunteers in underserved communities.
Public Accounting Report, CCH's independent newsletter of the accounting profession, has published results of its annual survey of accounting professors. UT-Austin swept the college rankings, while PwC took first place in the firm rankings.
Business students from the University of Illinois last week won the national round of the PwC xACT division for the third consecutive year. The xACT and the xTAX divisions are part of PwC US's xTREME Games, now in its ninth year.
James Doty, a partner at Washington, D.C.-based law firm Baker Botts LLP who served as general counsel for the SEC in the early 1990s, recently was appointed by SEC chairman Mary Schapiro to lead the agency’s Public Company Accounting Oversight Board.
As the tax reform debate on Capitol Hill begins, a gulf exists between U.S. companies and the Obama administration on how to overhaul corporate taxes. The White House is reaching out to businesses to work with the administration on rewriting what all agree is an extremely complex tax code.
The U.S. Department of the Treasury has launched a program offering taxpayers a financial account for the electronic delivery of federal tax refunds. It says the account card offers conveniences and consumer protection features.
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.