Accounting standards

The software was designed by accountants and technology professionals at the firm.

Steinhoff International Holdings NV identified eight people, including former Chief Executive Officer Markus Jooste, as those allegedly behind questionable transactions that brought the global retailer to near-collapse.

Three pieces of guidance outline new requirements for companies to disclose CAMs in their audit reports.

The accounting firm association has appointed a longtime ACCA executive director as its new chief, effective June 1, 2019.

For 20 years, the global retailer thrived off deal-making. Now, some of those transactions are back in the spotlight, and not in a good way.

Christo Wiese says the retailer’s overview of a forensic probe into the company’s accounting irregularities supports his claim against the company.

Steinhoff International Holdings NV plans to dig deeper into the accounting misdeeds that brought the retailing giant to its knees as it seeks to get to the bottom of some $7.4 billion in fictitious or improper deals.

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

PKF International has appointed James Hickey as the new CEO of the global network of independent accounting firms, effective March 19.

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.

The board is giving companies an overview of some of the key areas it will be looking at during upcoming audit firm inspections.

MoviePass’s parent company hit another bump Tuesday, acknowledging it lost track of how many paying customers the film-subscription service had on its books.

Regulators in some Asian countries are getting tougher on auditors after landmark defaults, in an increasingly high-stakes game as investors call for earlier warning signs amid expectations for debt failures to mount.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

Olympus Corp. lost a U.K. lawsuit that tried to block the pension of former head Michael Woodford after he blew the whistle on an alleged $1.7 billion accounting fraud and 13-year cover-up at the firm.

Truth in Accounting wants pension and retirement benefit costs included in state and local government reporting.

The Association of Chartered Certified Accountants is offering a special tribute to its first female member while celebrating the role of women in accounting.

The collaboration with the U.K.-based Chartered Institute of Public Finance and Accountancy provides a pathway to global accounting practice.

The laboratory-testing company facing criticism for its corporate governance, will no longer use an auditor for its Luxembourg subsidiaries who was contemporaneously signing off on the accounts of businesses controlled by the company’s largest shareholder.

The new standard adjusts the way companies account for the production costs of films and episodic content produced for TV and online streaming services.