STAY INFORMED View our current newsletters: News & Insights Careers Ethics & Compliance Subscribe today to get weekly news delivered to your inbox.   CURRENT NEWS For top news stories, most read stories of the week, features and events, visit our Accounting Home Page.  August 30, 2010 SEC Makes Proxy Ballot Access Easier SEC Suspends Trading in More Stocks This Year SEC: Ex-Countrywide Chief Approved Special Loans FASB Chairman Herz Retiring CalPERS Loan Just Latest Budget-balancing Gimmick Investors Need the Full Story on Target Date Retirement Funds' Risks Ruling Sets Up IRS as Overseer of Groups' Gifts to Campaigns AICPA Tax Vice President to Testify at IRS Hearing on Proposed Tax Preparer Regulations August 23, 2010 SEC Accuses New Jersey of Bond Fraud GM Takes First Step Toward IPO Judge Asks SEC, Citi for More Information OP/ED: $8.7B in Tax Money MIA, Yet We Stay Silent? SEC Wants Investors' Opinions on Adviser Rules China Reduces Holdings of Treasury Debt in June IRS Seeking Health Care Comments from Businesses August 16, 2010 Freddie Mac Requests $1.8B in Aid after 2Q Loss More Private Jobs in July, but Economy Overall Lost 131,000 CPA Execs Grow Pessimistic on U.S. Economy SEC Enforcers get to Keep Subpoena Authority Tobacco Companies Settle Bribery Charges Merck Discloses Probe of Foreign Sales Practices New IRS Rule may Doom Tax Loans Free Checking may be a Reform Victim House Members Concerned about Tax Return Preparer Regulation FDIC Takes Step toward Cutting Use of Ratings Consumer Taxes Climb Higher in Many States Across the Country August 9, 2010 Regulators Warn: Investor Scams, Like Flu Virus, Will Mutate to Adapt to New Federal Financial Reform Bill Countrywide Settles Some Investor Lawsuits BRIEF: IRS to End Release of Taxpayer Debt Info Study Examines Link Between Exec Pay and Company Performance at 10 Top Cities Charity Pay Gets Closer Look Paperwork Nightmare: A Struggle to Fix New Law Health Coverage Doesn't Alter Tax Status Orgs to Study the Future of Accounting Higher Education Op/Ed: Ending Tax Cuts Now Would Be a Mistake Op/Ed: SEC Secrets Divorce Planning for Children with Special Needs BOOK: A Guide to Help CPA Firms Gain Clients, Boost Their Bottom Line August 2, 2010 Bank Reforms to Pinch Consumer Credit: Will Raise Fees Elsewhere Financial Overhaul Worries Some Bankers Businesses Face Additional Paperwork: Health Care Legislation Modified Tax Rules Financial Execs Lack Formal Procedures to Manage IRS Exams IRS Offers Reprieve for Charities Missing Deadline Citigroup Paying $75M to Settle Civil Charges GE Pays $23M to Settle Iraq Kickback Charges XBRL US Releases New Version of XBRL Consistency Suite IMA Launches New Website to Support Accounting Community IFAC Publishes New Quality Control Guide BOOK: Environmental Accounting and Reporting 62% of Americans Believe the Economy has yet to Hit Bottom July 26, 2010 Bill would Require Oil, Gas, Mining Firms to Report to SEC More Financial Reform Coverage/Analysis: Obama Signs Sweeping Financial Overhaul into Law What's Next? U.S. Finance Reform Leaves Many Open Questions Financial Reform Law Promises Large Rewards for Wall Street Whistleblowers Americans Skeptical Financial Overhaul Will Avert Future Crisis FDIC Coverage Permanently Increased to $250,000 Other News: TRANSCRIPT: Thomas Gallagher on VAT AIG Agrees to Pay $725M to Investors in Settlement Judge Approves $550 Million Goldman Settlement SEC Chief Appearing after Goldman Deal SEC Chief Points to Stepped-up Enforcement SEC Adds Units to Oversee Institutions, Products and Trends After Goldman Settlement, SEC Puts Focus on Safeguarding Everyday Investors July 19, 2010 Financial Reform Bill Clears Senate More Financial Reform Coverage: Consumers Expect Financial Reform to be Positive Provisions of the Negotiated Financial Reform Bill Obama Pushes Senate to Pass Wall St. Bill Major Banking Bill Faces Final Vote this Week Nelson Ensures 60 Votes for Bank Regulation Bill Other News: Federal Budget Gap Tops $1 Trillion through June SEC Reviewing Company Proxy Process SEC Sets Circuit-breaker Test in Bid to Regulate Speed of Stock Orders Bailout Watchdog to Audit Housing Program IRS Phone Number Set Up for Gulf Oil Spill Victims Nearly Half of Executives Say Complexity is Biggest Risk Challenge CFOs Wary over Increased Regulation but Overall Optimistic on the Future Businesses Have Hired an Estimated 4.5 Million New Workers Eligible for Hire Act Tax Exemptions Small Business Financial Checkups Get Complicated July 12, 2010 China Says Foreign Reserves not Political 'Weapon' EU Lawmakers and States At Odds over Financial Supervision Financial Overhaul Bill Would Change 'Swipe' Fees SEC Rule Squeezes Campaign Funding JP Morgan Employee Files Whistle-Blower Lawsuit AICPA White Paper Helps CPAs, Financial Professionals Obtain Federal Training Grants H&R Block CEO Russ Smyth Resigns Tax Tips on Preparing for Hurricanes, Tornados and Other Severe Weather July 6, 2010 Supreme Court Strikes Down Key Sarbanes-Oxley Provisions Related:  PCAOB: Decision in Free Enterprise Fund v. PCAOB  U.S. Justices Strike Down Part of Anti-Fraud Law IRS Wants Taxes from BP Payments for Lost Wages BP Spill Costs up to $2.65B; Denies CEO Resigning FASB Issues Proposed Update on Fair Value Measurement and Disclosure IASB Proposes Improvements to Disclosure Requirements for Level 3 Fair Value Measurements AICPA Renews Call for Ban on Tax Strategy Patents SEC is Locked in a Stare Down with Goldman Sachs Goldman Told to Pay Creditors in Bayou Scam $20.6M Companies Report Signs of Stabilization with 2009 Auditing Process Finance Reform Bill Leaves Much Detail for Later Your Money Q&A: Can I Take Out Dividends from My Roth Tax-free? Mortgages Can Help, Rather Than Hinder, Finances June 28, 2010 Housing Market Struggles without Government Aid Related: Fraudulent Tax-credit Claims Hit $134 Million  Errors, Fraud Still Occur in First-Time Homebuyer Credit Program What Do You Do If the IRS Denies Your Homebuyer Credit Claim?More Borrowers Exit Obama Mortgage Help Plan  Canada's Economy is suddenly the Envy of the World Corporations Pouring Money into Banks Banking Execs See Biggest Regulatory Impact from Systemic Risk and Consumer Protection Geithner Sees U.S. Taxpayer Recovery on Bailout Tax Breaks Americans Savor are Costing Uncle Sam Big Your Money Q&A: How Do I Pay Self-employment Taxes Now That I'm a "Consultant"? Americans Intend to Remain Disciplined with Finances PCAOB Issues Staff Q&As on Firm Annual Reporting Report: Effective Sales and Use Tax Management June 21, 2010 Fed Faces More Congressional Scrutiny in Bank Bill Swiss Parliament Clears Way for U.S. Tax Deal Financial Overhaul 101: How Oversight Would Change Credit Crisis Causes $1.8 Trillion in Global Write-Downs Senator Sees Big Reporting Gap in Stock Options Survey Finds Investors and Analysts Add to the Critical 'Fair Value' Debate on Financial Instrument Reporting GASB Issues Revised Proposal on Service Concession Arrangements GASB Issues Preliminary Views on Potential Improvements to Pension Standards SEC Proposes New Disclosures for Target-Date Funds At SEC, An Unconventional New Team Insurance Not Needed for Pension Products Cassano Lawyers: SEC Closes Inquiry of AIG Exec Grand Jury Indicts Businessman in TARP Case Law Firm Asks to Drop R. Allen Stanford as Client June 14, 2010 SEC Puts in New 'Circuit Breaker' Rules Investors Back Obama Bill without Ban on Proprietary Trading Fed Boss Pushes Loans for Sound Small Businesses Survey Says Goldman Deserves Regulatory Probe More Than Three-Quarters of Professionals Are Concerned with Risk of Procurement Fraud at Their Organizations Study: Oil & Gas Industry Not Immune to 2009 Economic Struggles Private Companies Look for Greater Transparency in Global Financial Reporting G-20 Finance Chiefs Mull Deficits, Banking Rules Fannie, Freddie on Geithner's To-Do List Bank of America to Pay Borrowers $108 Million Making Sense of the Financial Impact of Healthcare Reform Almost 1 Million U.S. Employees Given Early Opportunity to Cover Adult Children Financial Literary Bailout for the Younger Generation TIGTA: IRS Needs to Improve Data Center Efficiency to Save Tax Dollars Ask The Experts: Paying Back Taxes, Managing College Savings June 7, 2010 Geithner: Nations Won't Agree on Bank Tax at G-20 Related: G-20 Finance Officials Begin Global Economy Talks Fed Chief Sees Delicate Dance Ahead 'Unity' Key to Economic Recovery Nation's Debt Hits $13 Trillion U.S. Embassy in Iraq Missing Property Worth Millions Swedish Think-tank: Global Arms Spending Soars Swiss Upper House Backs UBS Tax Deal with U.S. Public Pension Funds Could Be in for Big Shock Watch Out for Oil Spill Stock Schemes KPMG Study Reveals Dramatic Decrease in Goodwill Impairment for U.S.-Based Companies New Research: Social Security Averages 40% of Income of Elderly CPAs Increasingly Asked to Address IT Challenges for Clients White Paper Advises Nonprofits on Maintaining Sufficient Reserves June 1, 2010 IRS Audits of Schools Might Delve into Salaries of Coaches National CFO Survey Finds Majority Support Reforming Lease Accounting; Don't Agree on Measurement CFOs Support Fair Value Only in Some Cases Survey: Big Companies Expect Reform to Raise Costs U.S. CPAs Gaining in Awareness of IFRS Geithner Tells China that U.S. Learned from Crisis Lawyers Say No Criminal Charges in AIG Cases Alliance for Economic Stability Announces Reports on Ethics Violations by SEC Chairman SEC Proposing Uniform 'Audit Trail' for Orders Regulators Probe Firms' Role in Stock Plunge Projected TARP Costs Reduced by $11.4 Billion Garage and eBay Sales May be More Than You Bargain For FDIC Offers Money-Saving Tips in the New World of Credit Cards For Richer or Poorer: Financial Planning for Newlyweds   NEWSLINE ARCHIVE WHAT'S NEW: Looking for a particular article? 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