The Latest

PJ Patel, co-CEO and senior managing director of Valuation Research Corporation, discusses valuation issues involving deferred revenue from mergers.

Corporate executives and their accountants have long contended that the use of adjusted earnings, which ignore costs like acquisition expenses, interest payments or just about anything they find inconvenient, gives investors a better picture of companies’ performance. Under no circumstances is it manipulation, they say. But a new study suggests it just might be.

Special Counsel Robert Mueller’s prosecutors walked the jury in the trial of Paul Manafort through records to back their claim that the former Trump campaign chairman deceived his own financial advisers to hide his foreign accounts and income from U.S. tax authorities.

The American Institute of CPAs said it supports new legislation that would regulate tax return preparers.

The rollback of Dodd-Frank requirements may have an impact on the credit loss standard.

The Treasury Department and the Internal Revenue Service proposed regulations Friday to increase and expand the first-year depreciation deduction for qualified property from 50 to 100 percent, carrying out a provision of the Tax Cuts and Jobs Act.

The International Federation of Accountants is changing the oversight and priorities of its International Accounting Education Standards Board, which sets standards for education and professional development of accountants.

The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.

ADP has acquired Celergo, a provider of payroll management services in 150 countries.

New York firm The Bonadio Group also held its first-ever 'Purpose Day,' encouraging staff members to take a day off to volunteer in local communities.