Financial reporting

The Governmental Accounting Standards Board released on exposure draft proposing guidance on extinguishing debt prior to maturity.

The U.S. Army made trillions of dollars of adjustments to its financial data for fiscal year 2015 that are not adequately documented and supported, according to a recent report by the Defense Department’s Inspector General.

Top 20 Firm Marcum LLP led the second-quarter rankings among large firms for new Securities and Exchange Commission audit clients.

Wolters Kluwer Tax and Accounting has introduced a new user interface for CCH Accounting Research Manager, its research system for financial reporting professionals.

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.

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.

Companies that botch the accounting for transactions between different legal entities within their organizations can make their financial reporting slipshod.

ComScore Inc., the Internet and entertainment research firm, replaced its chief executive officer and chief financial officer as the board’s accounting probe dragged on into its sixth month.

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.

It has never been more important for CFOs to have a full view of risk across their business as commodity prices and currencies fluctuate.

Deloitte has some tips to help companies deal with the Securities and Exchange Commission’s guidance on the use of non-GAAP measures.

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.

The standard GAAP accounting measures are less and less useful to investors, according to a new book with the provocative title, “The End of Accounting.”

The Institute of Management Accountants has released an exposure draft of a proposed Management Accounting Competency Framework in an effort to fill the skills gap for accountants who choose careers in private industry.

An encore: Using truth to untangle the Gordian Knot of pension accounting

U.S. corporations overstated their net income more than $164 billion last year by publicizing non-GAAP measures, according to a new report.

The Securities and Exchange Commission voted Monday to propose amendments that would expand the threshold for businesses to qualify as a “smaller reporting company.”

Some tips that may help you excel at Excel

Enabling your startup clients to set up a successful accounting function involves both an understanding of their needs and the ability to tailor relevant solutions to meet those needs.

Today’s CFOs face a perfect storm of pressures.