Audit & Accounting

The Governmental Accounting Standards Board released a post-implementation review report on its pension standards and found they mostly accomplished their goals.

The software maker's shares soared by the most in more than a year after the company reassigned its chief financial officer, resolving an internal accounting investigation that delayed filings for weeks.

Companies retreat to less risky tax strategies when IRS budgets are robust, according to a new study.

The Ministry of Finance may announce the penalties on Big Four firm PwC as soon as this week.

The more frequently companies report their earnings, the less likely investors are to make knee-jerk investment decisions, according to recent research.

If marijuana is reclassified, lots of businesses may want to reconsider their structure.

The lawsuit alleges that Jim Chanos "planned on using his power as general partner to run the company into the ground, enjoy the tax benefits of his financial shenanigans, and leave his partners with nothing."

China may suspend some of the global auditor's local operations over its role in one of the nation's biggest alleged financial fraud cases.

While robust software solutions can streamline these processes, it's still important to have a fundamental grasp of the requirements for successful implementation.

The foundation commemorated the 40th anniversary of the Governmental Accounting Standards Board, and referenced last year's 50th anniversary of the Financial Accounting Standards Board.