The Latest

The United Kingdom’s Financial Reporting Council has launched an investigation into whether PricewaterhouseCoopers’ U.K. firm was independent when it conducted an audit of a company on which one of its former partners later joined the board.

The Internal Revenue Service said Tuesday that its Office of Professional Responsibility has prevailed in seeking the disbarment of David O. Christensen after he was convicted of theft for misappropriating funds as the conservator of his daughter’s trust account. Christensen’s CPA licenses in Washington and Oregon had been revoked previously as a result of his conviction.

Tax enforcement revenue collected by the Internal Revenue Service has declined for the second straight year, according to a new report publicly released Tuesday by the Treasury Inspector General for Tax Administration.

The Financial Accounting Standards Advisory Council, the main advisory group for the Financial Accounting Standards Board, has released the results of a recent survey soliciting views about FASB’s future agenda, revealing pent-up demand for addressing issues such as financial disclosures, hedging and simplification of FASB’s Codification of U.S. GAAP.

The IRS is providing tax relief to individual and business taxpayers impacted by severe storms, flooding, landslides and mudslides in Colorado.

Accounting Today has chosen its list of the Best Firms to Work For in 2013.

Fixed asset product maker Asset Panda had released an eponymous SaaS and mobile app designed to automate and simplify the job of tracking and managing fixed assets – notably industrial equipment, information technology and office equipment.

After Exelon Corp. earned less than top executives needed to reach their annual cash bonus target last year, the board of directors provided a way to help bridge the gap: nonexistent profits.

The Internal Revenue Service has released final regulations for repairs of tangible property, providing some benefits for small businesses that were not in the earlier temporary regulations, but also perhaps shutting them out from breaks available to larger companies.

Finding qualified talent today is tough, especially if you are in a service-based business.