Audit & Accounting

Three former Tesco Plc executives were charged with fraud and false accounting by the U.K. Serious Fraud Office, after a multi-million dollar shortfall discovered two years ago led to a criminal investigation of the grocer’s finances.

The International Federation of Accountants wants accountant organizations to partner together more widely and share their success stories and best practices.

Jeff Gramlich of Gramlich Consulting explains in this video how technology will change the future of auditing and allow continuous audits and process improvements.

American Realty Capital's former CFO has been charged with orchestrating an accounting fraud that overstated a key metric by roughly $13 million in 2014, according to the U.S. Attorney’s office.

Joel Curry of Validis discusses in this video how continuous auditing can work.

The Financial Accounting Standards Board proposed improvements Thursday in the accounting guidance for hedging activities.

The Financial Accounting Standards Board has published a draft version of the proposed 2017 U.S. GAAP financial reporting taxonomy, along with the related release notes.

Jeff Gramlich of Gramlich Consulting talks about how to use Big Data to improve audit quality in this video.

Up until the last decade or so, audits were just about the worst thing that could happen to you in accounts payable.

Sarbanes-Oxley disclosures on management assessment of internal controls over financial reporting are indicating some worrying trends, according to a new report.