Dewey & LeBoeuf Execs Accused of Accounting Fraud
In a multiyear scheme, the law firm's CFO and other executives falsified accounting entries to conceal a cash-flow shortfall, Manhattan prosecutors allege.
GAAP IFRS
RSSAccounting’s Big Data Problem
Reality is swiftly outpacing the ability of accountants to embrace Big Data. How can they catch up?
Declining Audit Fees Raise Risk of Restatements
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.
PCAOB’s ‘Audit Failure’ Rate Is Highly Suspect
The Public Company Accounting Oversight Board is making loose, misleading statements about the quality of public company audits.
HP Finance Chief Fought Autonomy Deal
Catherine Lesjak’s objections to the ill-advised acquisition of a British software firm may prove prophetic for HP.
Lease Accounting Changes Could Jar Bank Covenants
If standards setters require lease accounting on corporate balance sheets, borrowers could break their loan covenants.
PCAOB Abandons Auditor Rotation
The audit watchdog's three-year pursuit of a rule to boost auditor independence has ended, says chairman James Doty.
Needed: Guidance on FASB Private Company Rules
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.
HP Audit Finds Proof Autonomy Fudged Accounting
Computer giant files report saying it has evidence that the British software firm inflated reported revenues prior to HP deal.
Cooper Tire Aims to Settle China JV Mess
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.
Is Sustainability Reporting Sustainable?
New sustainability frameworks focus on sweeping strategies and narrowly focused metrics.
