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The Illinois CPA Society (ICPAS) announced on Thursday the winners of the Society's annual Excel Awards, recognizing young CPAs and their notable achievement on the 2015 CPA Exam. Established in 1984 by the ICPAS Board of Directors, the Excel Awards are presented each year to new CPAs for outstanding performance on the Uniform CPA Examination.

Many Individual Retirement Account holders die without having consumed the account balances; therefore, beneficiaries will be entitled to the balance.

ERP software provider Intacct announced it has secured an additional $40 million of financing from Silicon Valley Bank.

Specialization is a key tactic for today’s accounting firm, according to the marketing experts, managing partners and AICPA leaders who spoke at the 2016 AAM Summit.

St. Mary’s University, Texas announced this week that the school has received a $750,000 gift from the Elizabeth Huth Coates Charitable Foundation to fund the newly-minted Ed Boyle Accounting Professorship. The donation will be exclusively devoted to recruiting or retaining a full-time, tenured faculty member who will "promote the study of accounting principles, business knowledge and more, at a time when accounting professors are in high demand," per a school statement.

The Internal Revenue Service plans to hire an additional 600 to 700 more enforcement employees in an effort to increase its audit rate.

U.S.-based accounting and consulting firm association Allinial Global has signed a letter of intent to combine with a U.K.-based accounting and business advisory firms, IAPA International.

Net@Work, provider of integrated business technology solutions, announced the acquisition of Sage partner Dresser & Associates, which specializes in sales, installation and support of Sage HRMS.

Legendary singer Dionne Warwick is slated to headline a gala for the New York State Society of CPAs’ Foundation for Accounting Education.

Camico, a CPA-led insurance provider for accountants, said Wednesday that it posted its sixth straight year of gains in policyholders’ surplus and net income, earning $1.7 million in net income for the year ended Dec. 31, 2015.