On February 8, the PCAOB announced a settled disciplinary order censuring E&Y LLP. It imposed a $2 million civil money penalty against the firm, which is PCAOB's largest civil money penalty to date. The PCAOB also sanctioned four of E&Y's current or former partners for violating PCAOB rules and standards.

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Few readers think time management is their strong suit, with the vast majority of respondents to a recent survey – 87.3 percent – saying they're either "OK, not great" at it or "could use some improvement." It's no wonder. During tax season, most accountants feel the tensions of too much work and too little time.

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The Ohio Society of CPAs (OSCPA) and the Ohio CPA Foundation, in partnership with the Ohio chapters of the National Association of Black Accountants (NABA), are seeking Ohio minority high school students to participate in the nationally recognized Accounting Careers Awareness Program (ACAP-Ohio).

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Tax season is the ultimate deadline. Most CPAs agree that the unrelenting hours spent glued to their computers, slugging coffee, and downing microwave meals in the company break room take a toll on their physical and emotional balance sheet.

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Following is the latest roundup of accounting community news for the week of February 6, 2012.

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On February 3, 2012, Austin-based PMB Helin Donovan LLP (PMB) announced its merger with Vink Teague & Associates LLLP (VTA). The firm will operate under the PMB Helin Donovan name.

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On January 31, 2012, the leader of the National Treasury Employees Union (NTEU) called on Congress to approve the S. 1034 – Commuter Benefits Equity Act of 2011, which would permanently establish parity between the parking and mass transit portions of the employee transportation benefit.

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Romney has been catching a lot of flak for the relatively small amount of tax he pays, despite the millions in assets that he owns. But the GOP front-runner for president is only doing what the filthy rich usually do: paying the least amount of income tax they are legally obligated to pay.

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Philadelphia accounting, tax, and business consulting firm, Citrin Cooperman, has been recognized by Philadelphia SmartCEO magazine as a 2012 Future 50 Award recipient. Led by the Philadelphia office managing partner Mark S. Carrow, Citrin Cooperman was honored at the magazine's awards ceremony in January.

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AccountingWEB's Weekly News Update for the week of January 30, 2012 is available in video format! For more information, see these articles:...

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Following is the latest roundup of accounting community news for the week of January 30, 2012.

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BowenPhillips has merged with Carr, Riggs & Ingram (CRI). Both BowenPhillips offices in Georgia will now operate under the Carr, Riggs & Ingram name. The same BowenPhillips team will serve local clients, who will benefit from the additional specialized services and resources provided by the regional CPA firm.

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Marien + Company, LLC, which has been servicing clients in eastern Connecticut for the last thirty-one years, is now practicing as O'Connor Davies, LLP. In addition to traditional accounting, tax, and consulting services, Marien + Company brings a significant government and nonprofit practice to O'Connor Davies.

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On January 17, the AICPA recognized Karen Goodfriend's long history of service when it named her the recipient of its 2011 Personal Financial Planning Distinguished Service Award. The award is given annually to an AICPA volunteer who significantly contributes to the advancement of personal financial planning.

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Faw Casson's wellness program – a top-down commitment to healthy living and the physical and spiritual well-being of each of its forty employees – recently earned the firm the title of the fittest accounting firm in the eleven- to fifty-member bracket in AccountingWEB's 2011 Fittest Accounting Firms survey.

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