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Latest News
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House Passes Health Insurance Reform
The House has approved health care reform legislation after a tense series of negotiations that left the vote in doubt until a group of pro-life Democrats agreed to support the bill after receiving assurances that President Obama would issue an executive order prohibiting federal funding of abortions. Read more
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“IRS Problem Solver” Has Problem with California Ballot
California Secretary of State Deborah Bowen, the state’s top elected Democrat, has rejected Republican congressional candidate Phil Liberatore’s ballot designation, alleging that Liberatore’s description as "IRS Problem Solver," is overly broad and associated with an entity or organization. Read more
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CPAs Disciplined for Porn Site Accounting Fraud
The Securities and Exchange Commission has entered final judgments against two CPAs accused of market manipulation and financial fraud in auditing a company that operated adult Web sites. Read more
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GAO Says IRS Still Has Computer Security Problems
The Internal Revenue Service continues to have problems with the security of its computer systems, jeopardizing the confidentiality of taxpayer information, according to a new report. Read more
Departments
Today's Inside Views
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Is There a CPA in the "House?"
Is the accounting profession becoming a feeder system for future lawmakers? Read more
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AICPA & Accountemps Scholarship Deadline April 1
If you are an American Institute of CPAs student affiliate member and enrolled as a full-time undergrad or graduate student, you still have time to submit your application for a tuition scholarship. Read more
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MSU Accounting Students Spend Week in Alaska
Four accounting majors from Montana spent their spring break in remote Alaskan villages preparing tax returns for residents. Read more
Washington This Week
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House Committee Passes Small Business Tax Cut Bill
The House Ways and Means Committee has approved legislation to provide tax relief to small businesses and extend financing measures for creating jobs. Read more
Industry Leaders – Q&A
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James L. Kroeker
The SEC’s Chief Accountant has been overseeing accounting interpretations, professional practice issues, and international accounting matters during a time of rapid economic change. Read more
Special Reports
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Accounting Today Top 100 Firms of 2010
Filled with valuable benchmarking data and analysis, the Top 100 Firms 2010 report is referred to throughout the year by accounting firms and industry observers. Starting this year, it also includes the well-regarded Practical Accountant Regional Leaders survey of the preeminent firms in major regional markets.
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Editors' Picks
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GASB takes aim at sustainability
Deficit worries prompt focus on economic condition reporting
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IRS Employees Rescued Each Other After Plane Crash
IRS workers demonstrated bravery in helping each other escape from a burning building after a deranged pilot crashed his plane into their facility in Austin, Texas, last month.
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Technology's Role in Winning Back Investor Confidence
Today's investors are understandably anxious, with continued market volatility and the waning performance of their retirement and college savings accounts.
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