Deloitte & Touche has agreed to pay $149.5 million in its role auditing failed mortgage originator Taylor, Bean & Whitaker Mortgage Corp. TBW originated loans insured by the Federal Housing Administration. The government alleged the accounting firm knowingly deviated from applicable auditing standards.

Intuit registered strong revenue growth for the second quarter ended January 31. The company lost $20 million for the most recently ended period, compared to net income of $13 million a year earlier. But since the second quarter does not reflect much of tax season, it is typically not one of the strongest periods for the year.

The cloud-based CCH Axcess software line is growing organically at double digits, according to Wolters Kluwer's executives. The statement was made recently by CEO Nancy McKinstry in the company’s webcast for earnings for the year ended December 31.

Three Israel residents, a Washington, D.C.-based attorney and an Israeli auditor and his Maryland accounting firm have been accused of fraud in creating numerous shall companies. About $2.1 million disgorgement and pre-judgment interest was assessed against the parties.