Accounting standards

The Indian company may sue U.S. investor Hindenburg Research after the short seller released a report alleging "brazen" market manipulation and accounting fraud.

The Brazilian retailer filed for bankruptcy protection after finding billion-dollar "accounting inconsistencies" that artificially boosted profits and reduced its reported liabilities by half.

The International Auditing and Assurance Standards Board is asking for feedback on a new section of a proposed auditing standard that would cover group audits of less complex entities.

The firm's worldwide revenues in 2022 reached $8.132 billion, increasing 15% this past year and 41.7% over the last three years.

Italy's football federation penalized the billionaire Agnelli family's team by cutting its points standing following an investigation into accounting practices.

The venture capital firm will work with Ernst & Young on some of these audits and will increase budget allocations to help investee companies put governance guardrails in place.

Hours after revealing a scandal, Sergio Rial attempted to explain the accounting gap that pushed him to quit his new job at the helm of Americanas.

Plus, one step closer to Skynet, other news and updates from the accounting technology arena.

The board voted to approve an update that would enable more companies to opt for a proportional amortization accounting method for their tax credit investments.

A recent report from the IMA looked at the finance function's readiness to meet accelerating demands from the SEC and elsewhere for climate risk information.

EY Chief Executive Officer Carmine Di Sibio said "it's business as usual" when it comes to hiring, with a tight jobs market even as several big firms begin to cut staff.

Private companies in the U.S. are still adjusting to the standard that took effect last year, as international standard-setters are proposing new rules for the public sector.

Evergrande's board recommended the resignation of PwC after the two firms couldn't "agree on the timetable and the scope of work in respect of the assessment on the group's going concern basis."

The board proposed amendments to its income tax standard to provide temporary relief from the imminent implementation of the Pillar Two model rules.

As CFOs and CAOs are discovering, there's a whole new level of complexity with cryptocurrencies and digital assets beyond volatility.

Amy Bridges of CPA.com dives into what it takes to build a successful client advisory services practice. 

While there are pension accounting standards, they allow plans to make more aggressive assumptions about how well they're funded than in the private sector.

CPA.com's third CAS Benchmarking Survey offers a behind-the-scenes look at what a top client accounting/advisory services practice looks like.

Plus, the Institute of Internal Auditors expressed serious concerns about a recent board proposal on audit confirmations.

As 2023 comes into view, the specter of 87,000 new IRS employees has gotten the attention of accountants and bookkeepers — as well as small and midsized business owners.