Intuit is eliminating 249 jobs, mostly in the software company's Small Business Group. The company's plans become known after it recently said it would sell its DemandForce, QuickBase and Quicken operation to concentrate on its core tax and accounting business.

Inuit says it added 110,000 subscribers to QuickBooks Online between the end of its third quarter on April 30 and its year end on July 31. In a recent earnings webcast, the Mountain View, Calif.-based software company said it had 1,075,000 subscribers at the end of the fiscal year, 57.4 percent higher than at the end of fiscal 2014.

The American Institute of CPAs' Auditing Standards Board has issued Exposure Draft Proposed Statement on Auditing Standards, Amendment to SAS No. 122 section 700, Forming an Opinion and Reporting on Financial Statements (AICPA, Professional Standards, AU-C sec. 700). The proposed amendments will provide requirements and guidance for reporting on an audit conducted in accordance with both generally accepted auditing standards (GAAS) and standards of the Public Company Accounting Oversight Board.