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 $520M Shortfall for Pennsylvania Budget

May 2, 2013 

$520M Shortfall for Pennsylvania Budget

An estimate released Wednesday by the state's Independent Fiscal Office shows a $520 million shortfall between projected general fund revenues and Gov. Tom Corbett's proposed budget through the end of the next fiscal year.

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May 2, 2013 

Next Generation Strategic Partner Retreats

Learn from a team of the profession’s most respected thought leaders, led by Darren Root, CEO of RootWorks, president of Root & Associates, Executive Editor of CPA Practice Advisor and co-author of The E-Myth Accountant.

 Diebold cutting 700 jobs

May 2, 2013 

Diebold cutting 700 jobs

Struggling Diebold Inc. started 2013 with one major job cut -- that of now former Chief Executive Officer Thomas Swidarski.

 IRS Digging into Taxpayer Holdings in Caribbean Banks

May 2, 2013 

IRS Digging into Taxpayer Holdings in Caribbean Banks

A federal court in San Francisco has granted an order authorizing the U.S. Internal Revenue Service (IRS) to serve a summons seeking information about US taxpayers who may hold offshore accounts with FirstCaribbean International Bank (FCIB), a subsidiary of Canadian Imperial Bank of Commerce.

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May 1, 2013 

KPMG’s Insider Trading Scandal: A Watershed for the Auditing Profession?

Recently, a KPMG senior audit partner leaked privileged client information to a "golfing buddy." This is not just another accounting or insider trading scandal. This event is different, and just may be a watershed for investors and the auditing profession. Grumpy Old Accountants provides commentary on contemporary accounting, auditing, and financial reporting issues. It is…