Is “independence” really essential?

“Independence may not be the cornerstone of audit. AICPA is looking into reliability as being the standard, particularly for small and private businesses.” Click here to read the rest of Roman Kepczyk’s dispatch from Day 1 of the Management Summit.

IRS Names 2008 Taxpayer Advocay Panel

The Treasury Department and the Internal Revenue Service have announced the selection of 41 new members to serve on the nationwide Taxpayer Advocacy Panel (TAP), a federal advisory committee charged with providing direct taxpayer input to the Internal Revenue Service. … Continued

PWC fingers ex-employees to SEC

The SEC charged two former PricewaterhouseCoopers employees, Gregory Raben and William Patrick Borchard, with insider trading, accusing them of using client information to buy stock prior to corporate takeovers. “The good news: PwC turned the two, who were friends, in … Continued

SURVEY SNAPSHOT: Are You Ready for Busy Season?

The latest readings show that most accountants are well prepared for busy season, with about 30% ahead of schedule and 48% on schedule. Meanwhile 54% are expecting better business and operations this year, compared to last year. And overwhelming majorities … Continued