Audit & Accounting

General Motors is paying a $1 million penalty to settle charges from the Securities and Exchange Commission that deficient internal controls kept it from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles.

FASB's impending standard and a new value-based reimbursement program are forcing health care providers to cope with two changing sets of methodologies at the same time.

The hire is response to firm's growth strategy of responding to high priority issues for clients.

Scammers and cheaters make the tax prep process harder for the government, taxpayers and tax preparers alike. Professional practitioners shared what they would do to shut the criminals down.

Technology protocols, security measures and proper staff training are key.

Firm highlights its latest advances in audit, tax, analytics and consulting at its New York offices.

Accounting students have the arduous task of learning how to prepare and analyze financial reports. Like other users of financial data, they may wonder if the numbers alone are enough to evaluate a firm.

The Financial Accounting Standards Board has issued a pair of proposed accounting standards updates.

A one-year tax holiday for the more than $2 trillion parked overseas is clearly in the offing, experts say.

Accounting firms need to start exploring the global opportunities that are becoming available to them.