Regulation and compliance
Regulation
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T. Rowe Price Group Inc. sued Valeant Pharmaceuticals International Inc. alleging top executives used a secret network of pharmacies, deceptive pricing, reimbursement practices and accounting tricks to hide its branded drugs from generic competition and artificially inflate revenue and profit.
August 18 -
The Internal Revenue Service issued final regulations Wednesday for a 2 percent tax on payments from the U.S. government to foreign contractors.
August 17 -
Hain Celestial Group Inc., a supplier of organic and natural products to Whole Foods Market Inc. and other grocers, plunged the most in more than 15 years after delaying financial results on accounting concerns and abandoning its full-year targets.
August 16 -
Companies that botch the accounting for transactions between different legal entities within their organizations can make their financial reporting slipshod.
August 15 -
ComScore Inc., the Internet and entertainment research firm, replaced its chief executive officer and chief financial officer as the boards accounting probe dragged on into its sixth month.
August 10 -
The Sustainability Accounting Standards Board is seeing more desire from investors for improved sustainability reporting, as evidenced by a wave of comment letters to the Securities and Exchange Commission.
August 8 -
Donald Trump on Monday sought to cast Hillary Clintons economic program as an ineffective relic, and to reset his own presidential campaign after a string of missteps.
August 8 -
A federal judge in New York has refused to dismiss a $1 billion lawsuit against PricewaterhouseCoopers over its audits of the bankrupt investment firm MF Global.
August 5 -
The U.S. Chamber of Commerce challenged an Internal Revenue Service rule change it claims improperly stymies the ability of U.S. companies to shift their headquarters overseas to shelter global profits from American tax collectors.
August 5 -
There once was a time, after the Tax Reform Act of 1986, when the U.S. corporate tax rate was at the low end of corporate tax rates among industrialized economies.
August 4 -
It has never been more important for CFOs to have a full view of risk across their business as commodity prices and currencies fluctuate.
August 3 -
Transfer pricing documentation rules have come to the fore with the United Kingdoms Brexit.
August 2 -
Deloitte has some tips to help companies deal with the Securities and Exchange Commissions guidance on the use of non-GAAP measures.
August 1 -
The Financial Accounting Standards Board has proposed a new accounting standards update that would require public and private companies to change the way they report income taxes on their financial statements.
July 26 -
Brian Croteau, deputy chief accountant at the Securities and Exchange Commissions Office of the Chief Accountant, plans to step down.
July 26 -
The Securities and Exchange Commission has suspended EFP Rotenberg LLP and an accountant at the firm for failing to detect fraud in the audit of a public company client, ContinuityX Solutions.
July 22 -
James Schnurr, the chief accountant in the Securities and Exchange Commissions Office of the Chief Accountant, has been seriously injured in a bicycling accident, and the SEC named deputy chief accountant Wesley R. Bricker as interim chief accountant while Schnurr recuperates.
July 21 -
The increasing popularity of ride-sharing apps such as Uber and Lyft has vaulted them ahead of traditional taxi and car rental services on corporate expense reports, according to one expense management software vendor.
July 21 -
The Internal Revenue Service has released new guidance on how foreign financial institutions can enter into a Qualified Intermediary agreement with the U.S. under the Foreign Account Tax Compliance Act, or FATCA.
July 20 -
Tax executives at U.S.-based multinational companies are having a hard time adjusting to the new rules demanded by the Organization for Economic Cooperation and Developments Base Erosion and Profit Shifting plan, also known as OECD BEPS, according to a new survey.
July 18