A Florida CPA who has audited a number of Chinese companies has been censured by the Public Company Accounting Oversight Board and barred from being associated with any registered firm. Jay Charles Lake, 50, of Boca Raton, Fla,, and owner of Lake & Associates, can apply for reinstatement after three years.

Intuit's directors apparently liked what they saw in the performance of CEO Brad Smith as they approved a nearly 19-percent raise in base salary, effective for the year ending April 30, 2011, and a 46 percent increase in bonus awarded for fiscal 2010. Although bonus and salary often have less value than stock and option awards as part of executive compensation, it was a good result for Smith, who completed his second complete fiscal year in April. And performance-based bonuses for all executives were generous.