Audit & Accounting

The Financial Accounting Standards Board is looking for public companies that are willing to participate in research on potential improvements to the segment aggregation guidance and the reportable segments process.

Corporate executives and their accountants have long contended that the use of adjusted earnings, which ignore costs like acquisition expenses, interest payments or just about anything they find inconvenient, gives investors a better picture of companies’ performance. Under no circumstances is it manipulation, they say. But a new study suggests it just might be.

Special Counsel Robert Mueller’s prosecutors walked the jury in the trial of Paul Manafort through records to back their claim that the former Trump campaign chairman deceived his own financial advisers to hide his foreign accounts and income from U.S. tax authorities.

The rollback of Dodd-Frank requirements may have an impact on the credit loss standard.

The International Federation of Accountants is changing the oversight and priorities of its International Accounting Education Standards Board, which sets standards for education and professional development of accountants.

The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.

U.S. prosecutors shifted away from showcasing Paul Manafort’s excesses and toward the core of their fraud accusations against him, offering evidence that he was deeply in debt as he submitted crudely altered financial statements to secure bank loans.

Parsing the ramifications of the Supreme Court decision

Waldron H. Rand’s 106-year-old values continue to guide the firm today.

The future of accounting firms lies in more advisory services.