Accounting

The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.

KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.

The development comes as Trump is appealing a trial loss that resulted in a $454 million judgment against him and his company for inflating the value of assets by billions of dollars.

A roundup of the flood of sanctions, fines and penalties issued over the past year or so by the PCAOB.

The regulatory environment around accounting is getting stricter, as the IRS, the SEC and the PCAOB crack down.

The lack of help means current accountants' hours and workloads can be grueling, upping the odds of mistakes and burnout.

The Securities and Exchange Commission has scheduled a meeting on its long-awaited climate disclosure rule.

An early pioneer in the ESOP space, Katz, Sapper & Miller now advises clients on the alternative business structure.

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

The Financial Accounting Foundation is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.