Audit & Accounting

Toshiba Corp. sued three former presidents as the maker of personal computers and power plants tries to recover from accounting irregularities that have led to profit write-downs of more than $1.2 billion over almost seven years.

A key accounting safeguard intended to protect U.S. investors who buy shares of Chinese companies is close to unraveling.

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A new study predicts the Securities and Exchange Commission’s final regulations on clawbacks of incentive based compensation for corporate executives could backfire and only encourage companies to avoid the kinds of financial restatements that might trigger a clawback.

To Paul Pacter: It's the ends that matter, not the means

As the assumptions underpinning Valeant's growth story quickly unravel, attention has quickly turned to the company's accounting and its deviation from standardized accounting measures.

The International Federation of Accountants has published a paper calling for more “integrated thinking” by accountants.

S&P 500 companies are being more transparent about how their audit committees are choosing and paying audit firms.

The American Institute of CPAs’ Financial Reporting Executive Committee has released for comment working drafts of revenue recognition implementation issues it has identified for the aerospace and defense industry and the investment asset management industry.

Expense management software developer Certify has released its annual list of the most eye-opening business expenses submitted by travelers in the past year.