In a multiyear scheme, the law firm's CFO and other executives falsified accounting entries to conceal a cash-flow shortfall, Manhattan prosecutors allege.
Reality is swiftly outpacing the ability of accountants to embrace Big Data. How can they catch up?
When public companies pressure their auditors to reduce fees or they switch auditors to pay lower fees, audit quality can deteriorate, according to a study.
The Public Company Accounting Oversight Board is making loose, misleading statements about the quality of public company audits.
Catherine Lesjak’s objections to the ill-advised acquisition of a British software firm may prove prophetic for HP.
If standards setters require lease accounting on corporate balance sheets, borrowers could break their loan covenants.
The audit watchdog's three-year pursuit of a rule to boost auditor independence has ended, says chairman James Doty.
When private firms that use the new standards are acquired by public companies, they're “going to have to undo those elections,” SEC accounting chief says.
Computer giant files report saying it has evidence that the British software firm inflated reported revenues prior to HP deal.
After delays in financial reporting and a derailed merger, the tire manufacturer hopes to put a partnership's troubles in the company's rearview mirror.
New sustainability frameworks focus on sweeping strategies and narrowly focused metrics.