Audit & Accounting

Touting figures may give companies a short-term boost, but often leads to a long-term drop.

Testifying at the accounting fraud trial of two former executives, the U.K. retailer's chief talked of his genuine shock when he was first shown a report that described howthe company had overstated income by 246 million pounds ($326 million).

Amy Vetter shares her journey from CPA to "cherished advisor."

Text message recipients were told there was impending, unspecified bad news coming before the accounting scandal unfolded.

Financial institutions around the world are revising how they estimate credit losses.

Developing new business is tough enough for professional services firms, but when those services happen to be accounting, things can get even tougher.

U.K. cake baker Patisserie Holdings Plc suspended its chief financial officer after uncovering “significant, and potentially fraudulent, accounting irregularities” and a demand for more than a million pounds in back taxes.

The American Institute of CPAs testified Tuesday at an Internal Revenue Service hearing about the problems the AICPA is anticipating from the IRS and Treasury Department’s proposed rules for auditing large partnerships.

A competition watchdog started investigating the industry a day after another regulator said it was considering banning firms from doing consulting work for the companies they audit.

Knowing about the firm's services is important for staff growth, development, morale and discussions with clients.