Audit & Accounting

Europe’s top markets watchdog is warning companies against getting creative with financial statements that obscure the effect of the coronavirus pandemic on their bottom line.

The founder of U.K. discount retailer Matalan Plc is suing PricewaterhouseCoopers over claims he lost as much as 135 million pounds ($165 million) by relying on advice the accounting firm gave him when he moved to Monaco 20 years ago.

But relatively few audit execs are actually performing reviews of critical risk areas such as health and safety.

Members of the American Accounting Association's Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting.

Management accountants and CFOs can play an important role in guiding companies through the strategic options available to cope with the COVID-19 pandemic.

Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm's fraud and financial crimes practice, offer strategies to help businesses protect themselves from fraud amid the pandemic environment.

You may find more similarities among your clients than you expect.

More than half expect to be back to a more normal work environment in less than six months, according to a new survey.

China’s securities regulator blacklisted six executives for their role in a $4.2 billion accounting scandal at Kangmei Pharmaceutical Co., one of the country’s biggest drugmakers.

The Financial Accounting Foundation’s board of trustees is changing the process for assessing the effectiveness of standards.