The implementation of a pension accounting standard for state and local governments is still on schedule, after the Governmental Accounting Standards Board last week decided not to delay the timetable of when the new pension guidelines take effect.
MF Global Holdings claims PwC's “erroneous accounting advice” resulted in its failed investment in billions of dollars of European sovereign debt instruments and contributed to the brokerage firm filing for bankruptcy in 2011.
This latest phishing scheme involves e-mails to taxpayers that appear to be from the IRS Taxpayer Advocate Service and include a bogus case number. The bogus e-mails direct the recipient to click on links to web pages that solicit personal information.
A top priority for chief audit executives and internal auditors this year is preventing risks – such as hits to the bottom line and a loss of productivity – that could result from social media use within their organizations, according to a survey released last week by global consulting firm Protiviti.
An accounting alternative that was issued by the Financial Accounting Standards Board (FASB) on March 20 would – if certain conditions are met – exempt private companies from applying VIE guidance to lessors under common-control leasing arrangements.
Get organized, don't wait until the last minute to prepare your return, and ask questions are among the top tips for taxpayers who haven't yet filed their individual income tax returns, according to the American Institute of CPAs.
XBRL US and several corporate data providers are against a bill approved last week by the House Financial Services Committee that would require the US Securities and Exchange Commission to exempt public companies with annual revenues under $250 million from filing their financial statements in XBRL format for five years.