Financial reporting

One of China’s largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling.

The Council of Institutional Investors is asking the Securities and Exchange Commission to require companies to explain any non-GAAP metrics used to set executive compensation within their proxy statements.

The president and the Trump Organization have asked a U.S. judge to reject a Congressional subpoena seeking business records from his longtime accounting firm Mazars USA LLP.

The web-based tool employs machine learning technology to estimate an incremental borrowing rate curve for the leasing standard.

The Financial Accounting Foundation’s board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.

Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.

There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.

House Oversight and Reform Committee Chairman Elijah Cummings said he’ll subpoena documents on Monday from an accounting firm tied to President Donald Trump.

The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.

Approximately 40 percent of private companies are behind schedule on the new leases standard or haven’t started getting ready yet.

Both public and private companies are struggling with implementing the new lease accounting standard, according to a new survey by Deloitte.

The rental car company is demanding that ex-CEO Mark Frissora and other former senior managers return incentives they received.

Lawmakers are investigating reports that the president inflated or deflated amounts on his financials and used an unorthodox format dubbed a “Statement of Financial Conditions.”

The International Integrated Reporting Council has posted a set of answers to frequently asked questions about integrated reporting and how it is transforming corporate reporting around the world.

Tax reform, non-GAAP metrics and sustainability reporting are expected to be among the top shareholder concerns this spring at corporations’ annual general meetings, according to BDO USA.

Wirecard AG surged the most in more than a decade after saying irregularities found in an external investigation into fraud allegations in Asia weren’t material.

The Financial Accounting Standards Board is proposing to make further changes in the income tax disclosure requirements for companies to make them more relevant to users of financial statements.

The Financial Accounting Standards Board is aligning its definition with the American Alliance of Museums’ Code of Ethics for Museums.

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

The German payment processor’s Indian business became a focus point again and a Citigroup analyst said the company faces prolonged uncertainty because of the accounting allegations it’s facing.