A pair of out-of-synch accounting standards related to intangible assets unfairly penalizes balance sheets.
In their proxy statements, more large companies are explaining how they pick an external auditor, says EY.
Federal Reserve Governor Powell says a "horrible mess" could ensue if a substitute to the London Interbank Offered Rate isn't found.
As the Chinese Internet giant gears up for its IPO, managers of a new subsidiary discover accounting irregularities.
The global accounting standards setter rejects FASB's dual model for reporting leases, putting another nail in the coffin of convergence.
The project could change how companies present and organize the information on the income statement.
Given opposition from the White House, businesses are unlikely to see the bonus tax deduction for new equipment purchases become reality.
In dealing with revenue, an auditor "must get to the bottom of the relevant issues, including digging into management's representations," official…
The Securities and Exchange Commission is determined to catch accounting manipulators, says Mary Jo White. But will it have the money and means to do…
A proposal to require auditors to disclose “critical audit matters” in their reports has generated apprehension among audit firms and pushback…