Category: Accounting
SubscribeU.S. Government Officials Move to Curb Money Laundering
This year, America said goodbye to its favorite money-laundering family with the final season of the Netflix drama “Ozark.” The Byrde family – Wendy, Marty, Charlotte and Jonah – introduced casual viewers to the art of washing drug dealers’...
Read MoreAudit Failures Lead to SEC Action Against Deloitte-China
Some auditors in the Chinese affiliate of Big Four accounting firm Deloitte have apparently been taking a unique approach to their work. Rather than evaluating their clients’ financial reporting, they let the clients audit themselves, accor...
Read MoreFinancial Accounting Standards Board Nearing New Disclosure Rules for Joint Ventures
In August, Honda and LG Energy Solution revealed that they would be investing $4.4 billion to develop a U.S. electric-vehicle battery factory. The automaker and battery company are taking part in an increasingly popular U.S. corporate arra...
Read MoreBreaking Down the PCAOB’s Five-Year Strategic Plan
Since Erica Williams became chair of the Public Company Accounting Oversight Board in January, the organization has taken a proactive stance towards its mission of holding corporate auditors accountable. To that end, the PCAOB released what...
Read MoreU.S. and China Finally Have an Audit Agreement, or Do They?
If you’re confused about where things stand in the squabble between U.S. regulators and Chinese authorities over auditing standards, you’re probably not alone. About a year ago, Securities and Exchange Commission Chair Gary Gensler sounded...
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