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Accounting Degrees Up 19 Percent More than 64,000 students graduated with bachelor's and master's degrees in accounting in the 2006-07 school year, which is a 19 percent increase since the 2003-04 school year, when the AICPA last surveyed this data.
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SOX Compliance Cost $1.7M, Audit Fees $3.6M in 2007
| Financial Executives International announced the results of its seventh Sarbanes-Oxley compliance survey, which found that Section 404 compliance cost U.S. publicly traded companies less in year four of adoption than in each of the first three years. |

AICPA Survey Captures Recession Worries
| Sixty-eight percent of America's adults believe the United States is heading toward a recession, and slightly more than half (53 percent) are cutting their spending and paying down debt as a result, according to a survey by American Institute of Certified Public Accountants. |

Top Speakers Highlight New York CPA Show
| Tracy Byrnes from Fox Business News and Mike Minto, an IRS special agent, are two of the featured speakers at the New York CPA Business & Technology Show & Conference this month. |

KPMG Hires 3 New Partners in L.A. Office
| KPMG LLP announced that Tammy DeGrande, Troy Dahlberg and Doug Farrow joined the firm's Los Angeles office as partners. |

Corporate Boards' Pay Grows With Workload, Regulations
| Board pay has been steadily increasing in recent years as new regulations increased the workload for directors and the use of compensation consultants became more common. |

CCH Announces User Conference Agenda
| The 2008 CCH User Conference for tax and accounting professionals will take place October 26-29 at the Desert Springs JW Resort & Spa in Palm Desert, Calif. |

Tax Gap Challenges Remain
| The Internal Revenue Service is making progress in crafting a strategy to reduce the tax gap, but significant challenges remain in implementing it, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA). |

Wachovia to Take $800M to $1B Charge in 2Q for Leases
| The nation's fourth-largest bank said the action is needed because of an accounting ruling just issued that provides guidance on accounting standards for recording the timing of cash flows on leveraged leases. |

AICPA Survey Captures Recession Worries
| Sixty-eight percent of America's adults believe the United States is heading toward a recession, and slightly more than half (53 percent) are cutting their spending and paying down debt as a result, according to a survey by American Institute of Certified Public Accountants. |

FASB, Chinese Accountants Sign Agreement
| The Financial Accounting Standards Board and the China Accounting Standards Committee (CASC) have issued a memorandum of understanding articulating their commitment to strengthen cooperation and communication between the two standards-setting organizations. |

Board Declares Tax Season a Success
| The Internal Revenue Service delivered a smooth filing season despite a number of challenges that had to be overcome and "deserves a lot of credit," the IRS Oversight Board said Tuesday. |

IRS Collects More in 2007
| The Internal Revenue Service examined more corporate and individual tax returns and raked in more money from enforcement activities in the 2007 budget year, according to the Treasury Department's Inspector General for Tax Administration. |

AGA Launches Government Accountants' Blog
| The Association of Government Accountants announced the launch of a new blog that aims to bring state, local and federal government financial managers into discussions about issues, solutions and priorities relating to government accountability and transparency. |

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