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Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter.

Assets in college savings plans named for an obscure section of the Internal Revenue Service code hit a new record this summer, totaling $266.2 billion. That’s up 5.1 percent from a year ago, when assets in the accounts stood at $253.2 billion.

Internal Revenue Service Commissioner John Koskinen expressed regret Wednesday that the agency failed to preserve all the information congressional investigators sought in a 2014 probe of the agency, but told federal lawmakers it would be “improper” to impeach him.

The Center for Audit Quality (CAQ) has announced their second annual "social media blitz" which highlights the benefits of an auditing career. The hashtag #AuditorProud will once again be shared on Thursday, September 22, and is part of the CAQ’s ongoing efforts to attract more potential candidates to the profession.

Comedienne and actress Leslie Jones has a new job for Ernst & Young: safeguarding her from hackers.

Lee Klumpp of BDO USA discusses in this video how FASB's new accounting standards for not-for-profit organizations will change how nonprofits disclose investment returns and expenses.

Cloud hosting solutions provider Cloudnine Real Time has named Josh Clark president of the company.

Siena College in Albany, N.Y. announced a new accounting program for bachelor's and master's students this week, dubbed the "3+1" program. Participating students will now be able to achieve bachelor's and master's degrees in four years' time, as opposed to the more standard five-year period.

Experts suggest implementing new rules now, to work out the kinks.

Seven things you need to know about the upcoming IRS program