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How can fund administrators efficiently walk general partner CFOs through the waterfall calculation?

The Securities and Exchange Commission has sanctioned a Florida-based auditor for violating federal laws and regulations that require lead audit partners to periodically rotate off their audit engagements with a publicly traded company in order to preserve the integrity of the financial reporting process.

A CPA from Dayton, Ohio, was sentenced to serve over a year in prison and a year of supervised release for helping the owners of the Cadillac Ranch restaurant chain evade taxes.

The Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, has appointed banking executive Mary P. Crotty to the newly created position of chief operating officer.

A federal judge has dismissed a pair of lawsuits against the Internal Revenue Service by over 40 conservative groups over the IRS’s handling of their applications for tax-exempt status.

British Petroleum has filed a legal motion against the administrator of the claims settlement program set up to deal with victims of the 2010 oil spill in the Gulf of Mexico from its Deepwater Horizon oil-drilling rig to force him to release the results of an audit by McGladrey LLP that is costing BP more than $14 million.

With the holiday season fast approaching, charitable events are becoming more and more prevalent as professionals and firms get into the spirit of the season. Today, Grassi & Co., the N.Y.-based accounting firm, is holding its annual charitable "Firm Day" event at the Skyline Hotel in Manhattan.

The Treasury Department and the Internal Revenue Service have issued guidance aimed at expanding the use of income annuities in 401(k) plans.