Topic:

Accounting and Tax

Latest Headlines

Latest Headlines

FASB may help companies hide the results of bad deals

The accounting standard setter is likely to try to resurrect amortization of goodwill, which critics say would enable companies to obscure the poor performance of assets they acquire.

Financial planning, cash processes deemed high priorities by finance execs

Healthcare reform takes second place to sustainability among emerging issues.

Leak of international tax documents seen fueling backlash

The release of tens of thousands of pages of documents detailing multinationals' use of Luxembourg as a tax haven is likely to add to demands for a crackdown on such tactics

Non-GAAP measures common in IPO filings, study shows

About 60 percent of newly public companies used non-GAAP measures in filings from 2011 to 2013, a PwC study showed. But non-GAAP measures mean greater scrutiny from investors and the SEC.

New tax inversions likely to be scaled down

Acquisitions that shift corporate tax residency seen having fewer, but still valuable, benefits in wake of Treasury crackdown.

Why Amazon may be a Ponzi scheme

How long can Amazon's free cash flow depend on the construction of warehouses?  

AbbVie's aborted bid for Shire may signal end of inversions

The Treasury's crackdown on "hopscotch" loans is likely to undermine the rationale for inversions going forward.  

Goodwill impairment plunged last year

The amount of goodwill that companies had to write down plunged last year, reflecting the stronger economy and firmer markets, Duff & Phelps reported yesterday. Its annual study of the financial...

The Sustainability Accounting Standards Board wants to be used

Within the developing field of sustainability accounting, the Sustainability Accounting Standards Board is the latest contender for companies' attention. With SASB's standards development process now almost half complete, it is turning its focus to adoption, its CEO notes.

Audit fees at public companies up 4.5 percent last year

PCAOB's push on audit work around internal controls cited as a factor in the higher fees.