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You manage what gets measured: Penny-wise but pound-foolish financial reporting

The Public Company Accounting Oversight Board has approved the reorganization of its auditing standards to help users navigate the standards more easily.

A recent Tax Court case found a taxpayer liable for a trust fund recovery penalty over the unpaid employment taxes of a partnership of which he was no longer a partner.

Filings of securities class actions with accounting-related allegations increased 47 percent in 2014, according to a new study.

Victor Wahba succeeds Douglas Phillips as chief executive officer of the Top 100 Firm.

BSI SA, a Swiss private bank, admitted helping customers duck taxes by using coded language, nameless debit cards and fake identities as part of a landmark $211 million accord to avoid U.S. prosecution.

Louise Avent, the first female accountancy graduate of the University of Mississippi (Class of 1947), who also became the first female inducted into the Hall of Fame at the university’s Patterson School of Accountancy, will be commemorated with a scholarship bearing her name. Her sons, Tom and Murray Avent, have committed $250,000 to establish an endowment, which will fund four annual accountancy scholarships at the University, according to HottyToddy.com.

Even though tax season is getting close to the end, there are still some important tips that accountants can share with their clients by April 15, and beyond.

I once had a client who felt he was getting ripped off by his salespeople padding their expenses. I found this out by walking into his office and finding his desk and credenza overloaded with files halfway up to the ceiling.

Integrated Business Systems announced it has partnered with Acumatica to sell its cloud-based accounting software and develop a new, property management-specific system module.