Bloomberg News

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.

There's a catch buried in the law: Projects that don't meet certain new wage and labor requirements only get a fraction of the credit.

Former President Donald Trump has dropped a long-running court fight with Congress over access to his New York state tax returns, notifying a judge late Friday in a joint filing with a House committee that the new Republican leadership "has no interest" in the documents.

The Olympic sprinter quoted lyrics on his Twitter account that, in part, read: "The History of Evil...What is the Root?...MONEY."

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.

The acquittal by a Philippine court may ease concerns over media freedom in one of Asia's oldest democracies.

Last year Murphy and the Democratic-led legislature approved a program that provides tax relief checks for homeowners and renters.

Tax advisors have long said it's inadvisable to die in Massachusetts, but now it may also be worth thinking twice about living there.

Sam Bankman-Fried offered one of his most detailed descriptions yet of the FTX debacle as he prepares to fight fraud charges.

Buying certain electric cars in the U.S. just got cheaper, thanks to new tax credits meant to phase out gasoline-guzzlers.

U.S. and European investment into mainland China has largely been channeled through offshore vehicles set up by Chinese companies in tax havens.

The U.S. government has angered Tesla's Elon Musk and handed welcome news to other automakers like Hyundai with guidance on which electric vehicles will qualify for tax credits in the coming months.

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.

Michael Burry, the investor who foresaw the housing market crash in 2008, is skeptical about today's proof-of-reserve audits.

Mazars Group has halted all work for crypto clients, dealing a blow to an industry seeking to shore up confidence in the wake of FTX's collapse.

A proof of reserves report, based on a snapshot review by Mazars, showed the exchange having sufficient crypto assets to balance its total platform liabilities, but acknowledged limitations.

Billionaire hedge fund manager Ken Griffin sued the Internal Revenue Service, claiming it failed to protect his confidential financial information.

A rush of regulation and investor pressure is forcing companies to do a better job of tallying up the environmental impact of their operations and the products they sell.

Traders move to take custody of their tokens despite a proof of reserves audit amid revelations that rival FTX may have misused customer funds.