PCAOB officials are asking whether the time has come to refresh the existing audit guidance on the use of specialists — including professionals hired by the audit team to test accounting estimates and those hired by the audit client to help make accounting estimates.

The EPA has announced that more than 10.2 million D4 RINs generated by New Energy Fuels (Company ID 7331) between July 7, 2010 and December 9, 2011 have been invalidated. More than 4.8 million D4 RINs generated by Chieftain Biofuels (Company ID 3488) between October 3, 2011 and February 29, 2012 have been invalidated as well.

With nonqualified stock options (NQSOs), if the stock appreciates beyond your exercise price, you can buy shares at a price below what they’re trading for. This is the same as for the perhaps better-known incentive stock options (ISOs).

Changing regulations and new and emerging risks in the business place means that banks must review their risk management process much more frequently. Oftentimes, leadership may determine that changes are needed to their current systems and processes.

Private manufacturers and distributors can select from a wide menu of loan options from financial institutions. Popular choices include lines of credit, term loans, leases, mortgages and Small Business Administration (SBA) loans.

The Financial Accounting Standards Board is working on two projects to simplify and clarify the accounting rules that relate to business combinations, which may be good news for companies with future M&A aspirations.

If you usually receive a large federal income tax refund, you’re essentially making an interest-free loan to the IRS.

The most direct cost of fraud within an organization may be measured by the amount of assets stolen or in the difference between actual financial performance and what was presented in misstated reports.

On June 26, the U.S. Supreme Court ruled that same-sex couples have a constitutional right to marry. From a tax planning perspective, the ruling means that same-sex married couples can now take advantage of state-level tax benefits in all 50 states.

Many services businesses choose to use the cash basis method of accounting over the accrual method. As part of its past tax reform efforts, Congress has unsuccessfully proposed legislation that would limit the use of cash accounting. A recent Senate panel has renewed this controversial debate.