Audit & Accounting

Some of our favorite examples of tax and accounting professionals breaking bad

The Public Company Accounting Oversight Board released a staff guidance document Tuesday to help auditing firms deal with new requirements for disclosing the names of engagement partners and outside firms that participated in an audit.

The Securities and Exchange Commission voted Monday to propose amendments that would expand the threshold for businesses to qualify as a “smaller reporting company.”

The European Union’s new rules for mandatory audit firm rotation took effect on June 17, only a week before the United Kingdom voted to “Brexit” from the E.U. How will that affect audit firm rotation in the U.K. and Europe?

The Financial Accounting Standards Board has issued a proposed accounting standards update to amend the consolidation guidance for variable interest entities.

A former controller who embezzled $8.7 million from the Pepsi bottling company where he worked and then spent six years as a fugitive on the Appalachian Trail has been sentenced to eight years in prison.

Ernst & Young outpaced the rest of the Big Four in auditing the most public companies last year, according to a new ranking.

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Roomy Khan, a technology executive and financial analyst who helped convict Galleon Group founder Raj Rajaratnam on fraud charges, told a group of fraud examiners last week about how she became enmeshed in the insider trading scheme.

In a recent article on Accounting Today’s website, Auditors: Friends or Foes, Jillian Rojas explored an interesting comparison between public company auditors and the police.