Accounting standards

Founder and CEO George Azih discusses the lease accounting software platform.

Isn't it reasonable to expect that state governments' financial reporting have full accountability and thus, receive clean audit reports? Often, they do not.

Jan Du Plessis took over Britain's Financial Reporting Council last year following a series of scandals that left investors nursing heavy losses.

He formerly chaired the U.K. Accounting Standards Board and the IFAC's Public Sector Committee, which became the International Public Sector Accounting Standards Board.

The International Federation of Accountants is looking for an outstanding individual to become its next leader.

The two men were named by the retailer in 2019 following a forensic probe by PwC that uncovered $7.2 billion of irregular transactions.

The changes aim to increase transparency and provide more information to investors and other stakeholders. 

Crypto can be subject to major price volatility that is inconsistent with cash or a cash-equivalent treatment.

The bank should have booked provisions for more than $20 billion worth of government bonds that it had accumulated in its portfolio, the auditor said.