Audit & Accounting

A federal judge ruled PricewaterhouseCoopers was negligent in its audits of Colonial Bank, which failed in 2009 in the midst of the financial crisis, potentially exposing PwC to heavy damages.

RSM partner Rich Stuart dives into the potential impact of FASB’s incoming standard for leases.

Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities.

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

The transformation requires shifts in practices — and mindset.

The board’s staff are offering additional information on determining auditor tenure.

The key is offering proactive and holistic services.

A look at the major developments from the past year.

Special guest columnist Dr. Tom Selling remembers the extraordinary contributions of the former SEC chief accountant.

A High Court case examines what, exactly, ‘impeding or obstructing’ the IRS means.