FASB struggles with changes that would make private company financial reporting easier – but only if the company remains private.
Accounting standard setters may push back the effective date of new revenue recognition rules, says a FASB assistant director.
Executives say they will have to make changes to internal controls and put more effort toward disclosures regarding revenue.
The “Oracle of Omaha” structures an acquisition so that he avoids capital gains taxes on stock that has appreciated.
An audit committee review shows the rental car company overstated GAAP net income for three years.
And the amount of tax data companies report changes in response.
New to the job, James Schnurr suggests that a U.S. switch to global accounting rules is still not out of the question.
Previously frowned upon, the use of non-GAAP metrics is booming among IPOs.
The resignation will cost American Realty Capital's Brian S. Block approximately $35 million in compensation.
The tradeoff? Whistleblower involvement contributes significantly to longer total duration of an enforcement action, by an average of almost 10…