How the IFRS standard for business combinations values intangible assets should be rethought, some say.
Not only are there technological obstacles, but there is also no definitive guidance on what data should be made available to auditors.
The auditor helped Lehman Brothers' balance sheet appear healthier and less risk-laden than it actually was, charged the New York attorney general.
The lawsuit accused Freddie Mac executives of misleading investors about the amount of subprime housing loans on the GSE's books.
The controller hid massive trading losses by taking out unauthorized and undisclosed company loans with Japanese banks and brokerage firms.
FASB responds to feedback that having different balance-sheet presentation for for debt issuance costs and debt discount spawns unneeded complexity.
The PCAOB staff plans to discuss auditors’ responsibilities for accounting estimates with the Standing Advisory Group in June.
The former chief of TelWorx Communications falfsified earnings and revenue in the runup to an acquisition, the SEC says.
Class-action lawsuits involving restatements of financials also reached a seven-year high in 2014, according to Cornerstone Research.
The board votes to delay implementation for one year, after previously debating a two-year deferral.