The Latest

A former Commerzbank AG and Societe Generale SA banker admitted in a U.S. court to aiding Olympus Corp.’s $1.7 billion accounting fraud.

(Bloomberg) H. Ty Warner, the creator of Beanie Babies plush toys, was charged with tax evasion for failing to report $3.2 million in income on a secret Swiss bank account that held as much as $93.6 million in assets, and will pay over $50 million in penalties for failing to file an FBAR.

Marcum Financial Services LLC, the investment advisory affiliate of the accounting firm Marcum LLP, has named Lisa Marino as vice president of wealth protection and insurance advisory services.

May I ask you a personal question? Do you feel like your job description is “last-minute issue tackler”? You are not alone.

The Internal Revenue Service has completed work on 91 of 132 applications for tax-exempt status from politically oriented groups and approved 70 of them, the agency’s acting commissioner said.

Grant Thornton is one of the many firms and organizations weighing in on the lease accounting changes proposed by the Financial Accounting Standards Board and the International Accounting Standards Board, which would add leases to corporate balance sheets around the world for the first time.

The Carolinas office of PwC is donating $100,000 to The First Tee, a nonprofit that teaches young people core values through golf.

A married couple from Iowa and a Nevada accountant have been charged with conspiring to defraud the IRS of over $700,000 through a scheme in which they allegedly used nominee corporations and nominee bank accounts to hide their income and other assets.

The IRS Chief Counsel plans to take steps to minimize the risk of outside influence by tax practitioners on its letter rulings, according to a new report from the Treasury Inspector General for Tax Administration.

The International Organization of Securities Commissions and the IFRS Foundation said Wednesday that they have agreed on a set of protocols under which the two organizations will deepen their cooperation to develop International Financial Reporting Standards and apply it consistently across the globe.