GO
Loading...

Accounting

More

  • Fed's Dudley warns over Puerto Rico's debt load Tuesday, 24 Jun 2014 | 5:42 PM ET
    A man walks past a vacant building on November 12, 2013 in the Santurce neighborhood of San Juan, Puerto Rico. The island territory of the United States, Puerto Rico, is on the brink of a debt crisis as lending has skyrocketed in the last decade as the government has been issuing municipal bonds.

    New York Fed President William Dudley warned Puerto Rico about its growing debt load.

  • SAN JUAN, June 24- New York Federal Reserve Bank President William Dudley warned Puerto Rico about its growing debt load and questioned if the island can sustain its high level of borrowing in remarks delivered to an accounting group on Tuesday.

  • A renewal in the subscription business model Tuesday, 17 Jun 2014 | 6:00 AM ET
    Tien Tzuo, co-founder and CEO of Zuora

    Consumers today are more likely to obtain goods and services via a subscription than through a purchase, and that's where Zuora comes in.

  • WASHINGTON, June 13- Four U.S. senators have called on the Defense Department to end a practice that involves deliberately inserting false numbers into the Pentagon's accounting ledgers and financial reports.

  • Hertz to restate 2011 results: Report     Friday, 6 Jun 2014 | 10:51 AM ET

    Hertz Global will restate its 2011 financial statements. Earlier CNBC indicated Hertz may restate its 2012 and 2013 financial statements, but CNBC's David Faber says that is not yet the case.

  • Hertz had been scheduled to report results on May 7 but delayed the announcement, saying more work was required. Hertz's accountant is PricewaterhouseCoopers LLP. Hertz shares were down 10.6 percent at $27.25 in early trading on the New York Stock Exchange.

  • June 6- Car rental company Hertz Global Holdings Inc said it would restate financial results for the past three years to correct accounting errors from 2011.. Hertz said its audit committee had concluded that financial statements for 2011 should no longer be relied upon.

  • *Cayman Islands, Bermuda common sites of shell companies. "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and U.S. Public Interest Research Group.

  • *Cayman Islands, Bermuda common sites of shell companies. "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and U.S. Public Interest Research Group.

  • *Cayman Islands, Bermuda common sites of shell companies. "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and U.S. Public Interest Research Group.

  • "Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens- countries with minimal or no taxes," said Citizens for Tax Justice and the U.S. Public Interest Research Group.

  • News of the settlement talks comes just a few months after a Securities and Exchange Commission Administrative Law Judge handed down a harsh 112- page ruling that chastised the firms for failing to share audit work that SEC investigators believe could help them uncover accounting fraud.

  • Regulators: Deficiencies in 28% of Deloitte audits Monday, 2 Jun 2014 | 7:06 PM ET

    A regulator discovered deficiencies in 15 out of 53 Deloitte & Touche audits it examined, according to the Wall Street Journal.

  • SINGAPORE, May 29- Singapore- listed companies will adopt a new financial reporting framework similar to the International Financial Reporting Standards in 2018, an accounting body and the city state's stock exchange said on Thursday.

  • UPDATE 1-UK accounting watchdog warns over bank audits Wednesday, 28 May 2014 | 7:23 AM ET

    LONDON, May 28- Accountants who check the books of Britain's banks must sharpen their act or could be ordered to take corrective measures, the sector's watchdog said in a report showing how a core lesson from the financial crisis has yet to be applied.

  • Ex-Deloitte casino auditor settles gaming charges Tuesday, 20 May 2014 | 5:57 PM ET

    A former chief risk officer for Deloitte & Touche agreed to settle civil charges on Tuesday alleging he violated rules governing auditor independence.

  • White did not elaborate on what the SEC has been finding, or what defines "emerging financial fraud." In addition, last July the SEC unveiled its new financial reporting and audit task force, which is headed by David Woodcock, an attorney and accountant who heads the SEC's Fort Worth, Texas, office.

  • *29- year KPMG veteran sentenced in Los Angeles. April 24- Former KPMG LLP senior partner Scott London, who had provided tips to a friend about the accounting firm's clients, was sentenced to 14 months in prison on an insider trading charge by a federal judge in Los Angeles on Thursday.

  • LONDON, April 17- Investors would be able to make a more accurate assessment of how well banks manage risks on their books under proposals published by the International Accounting Standards Board on Thursday.

  • WASHINGTON, April 10- Public company and bank audits conducted around the globe by units affiliated with the world's six largest accounting firms are persistently riddled with flaws, a group of international regulators have found.