Accounting standards

Forensic investigators from PwC confirmed that 6.5 billion euros ($6.5 billion) in fictitious or irregular income had been recorded at Steinhoff between 2009 and 2016, making it South Africa's largest known fraud.

American officials would be able to review audit documents of Chinese businesses that trade in the U.S., a first step toward avoiding the delisting of about 200 firms from New York.

Looking beyond U.S. borders for growth opportunities isn't for every small business, but many are finding success worldwide.

The multibillion-dollar commodities trader was forced to restructure after years of losses and accusations of improper accounting.

The proposed update aims to improve the accounting and disclosures for investments in tax credit structures.

The firm made its biggest investment in staff pay in a decade, with half of its 24,000 workers getting a pay rise of 9% or more.

The company is shifting course as global regulators crack down on digital asset services.

The board sanctioned the Big Four firm's member firm in South Korea and two of its former auditors for violating quality standards.

The professional services firm said it would no longer consider a 2:1 degree as a minimum requirement for entry-level jobs or internships.

The International Federation of Accountants unveiled a web page that presents reports, documents, case studies and other materials.

The board aims to modernize standards, enhance inspections, strengthen enforcement and improve organizational effectiveness.

Gary Gensler has been encouraging the PCAOB to update more of the standards to take into account the way firms are working today.

The inspections add to the challenges facing the Shenzhen-based company at the center of China's real estate crisis.

Five of China's largest state-owned companies announced plans to delist from U.S. exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.

The U.K. telecom giant was hit by massive fraud at its Italian unit.

Second quarter 2022 earnings releases by major banks show vastly increasing provisions for credit losses:

The Financial Accounting Standards Board collected feedback from investors on various financial topics.

Erica Williams is throwing cold water on a workaround that’s been floated as a way to avoid delisting of Chinese companies from U.S. stock exchanges.