Audit & Accounting

Japanese electronics giant posts massive writedown and chairman resigns on the heels of accounting scandal, providing hours of chaos that shook investor confidence.

Taxpayers are excited, expectant and confused about the Trump administration’s plans – all at once.

Natural-food supplier that began a probe of its accounting practices last year, fell as much 15 percent after saying the U.S. Securities and Exchange Commission has opened a formal investigation into the matter.

Automation of the month-end job is a reality within reach. Here are 6 ways technology can help.

Ex-American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that has dragged out for almost a dozen years, the state’s top lawyer said.

The number of changes facing the accounting profession will leave most practices radically altered in the near future, according to Barry Melancon, the president and CEO of the American Institute of CPAs.

Corrado Sciolla quits as the fallout from the British phone carrier’s Italian unit spreads.

Institute of Internal Auditors leader has published a new book on how members of his profession can become trusted advisors.

Intuit’s exec Angela Camp and National Consumers League VP John Breyault appointed to the Electronic Tax Administration Advisory Committee.

Chris Henkel of Moody's Analytics discusses in this video how companies will be adjusting their processes to comply with FASB's new current expected credit loss model for financial instruments accounting.