Audit & Accounting

Marvell Technology Group Inc., a chipmaker that disclosed an internal investigation into its accounting last month, plunged to its lowest price in more than two years after saying PricewaterhouseCoopers LLP resigned as its external accounting firm.

The Financial Accounting Standards Board and the International Accounting Standards Board have delayed the effective date of their converged revenue recognition standard for a year, but companies are going to need the extra time to get their systems adjusted.

Valeant Pharmaceuticals International Inc. shares slumped as Chief Executive Officer J. Michael Pearson’s defense of the drugmaker’s accounting and ethics failed to resonate with investors fretting about its relationship with a mail-order pharmacy.

The oil and gas industry’s earnings season is barely underway, and already there’s been $6.5 billion in writedowns.

A senior Republican senator said lawmakers need better data on Puerto Rico’s financial situation before helping the island, as the Obama administration and the territory’s governor stepped up their warnings about the depths of its crisis.

Education services company Kaplan Inc. a subsidiary of publicly traded Graham Holdings, has agreed to acquire SmartPros, Ltd., a provider of accredited professional education and training for accountants and other finance professionals.

The Securities and Exchange Commission reported Thursday on its enforcement results in fiscal year 2015, highlighting several cases involving accounting and auditing lapses.

The CAQ highlights nine areas auditors will want to pay particular attention to in the next audit cycle

The dizzying rise and rapid fall in the shares of drugmaker Valeant Pharmaceuticals International Inc. is eerily familiar to Canadian investors still smarting from the last time a small market was dominated by single stocks—BlackBerry Ltd. and Nortel Networks Corp.

There is a powerful alternative that is increasingly being used to deal with excess problematic inventory: corporate barter.