Audit & Accounting

The Big Four firm agreed to resolve potential liabilities related to its work for a failed mortgage lender.

Steinhoff International Holdings NV said a review by auditors at PwC into its accounts is focused on certain off-balance-sheet structures and deals with related parties and is likely to find that some assets, revenue and profit figures have been overstated.

Accountants need to have this conversation as much as anyone else.

The American Institute of CPAs and the National Association of State Boards of Accountancy have inked a mutual recognition agreement with the Institute of Chartered Accountants of Scotland to provide a streamlined process for accountants to practice in each other’s country.

Efforts in the U.S. and Europe to encourage public companies to change audit firms have largely failed, according to new academic research.

One of Noble Group Ltd.’s largest shareholders has stepped up criticism of the embattled commodity trader, describing losses as “shocking” and warning the billions in red ink will pile more pressure on investors to agree to a controversial debt-for-equity rescue plan that it opposes.

To prosecutors, Hewlett-Packard Co.’s purchase of Autonomy Corp. was akin to buying a Pinto dressed up as a Cadillac.

An omnibus revision to the Statement on Standards for Accounting and Review Services will come out after tax season.

General Electric Co.’s boss wants investors to know that all the negative headlines dogging the manufacturer don’t tell the whole story.

New FASB guidelines have made selecting and using accounting software more important than ever. Here's how to choose.